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<a href="https://bitcoinworld.co.in/bitwise-expands-into-europe-with-1b-purchase-of-etc-group-and-nine-crypto-etps/" title="Bitwise Expands Into Europe With $1B Purchase Of ETC Group And Nine Crypto ETPs" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Bitwise Asset Management acquires ETC Group, marking its entry into the European market and adding several crypto ETPs to its portfolio.</li>
 <li style="font-weight: 400">ETC Group, known for its physical Bitcoin ETP (BTCE) and other crypto products, will be rebranded but without significant changes to its strategies.</li>
 <li style="font-weight: 400">The acquisition raises the firm’s assets under management to over $4.5 billion, consolidating its position and global expansion.</li>
</ul>
Bitwise Asset Management, the renowned crypto asset management firm, has <a href="https://www.businesswire.com/news/home/20240819366762/en/Bitwise-Expands-Into-Europe-With-Acquisition-of-ETC-Group-Issuer-of-the-Largest-Physical-Bitcoin-ETP-in-Europe-BTCE#:~:text=On%20the%20heels%20of%20launching,global%20crypto%20specialist%20asset%20manager." rel="noopener noreferrer nofollow">announced</a> the acquisition of ETC Group, a London-based exchange-traded product (ETP) issuer.&nbsp;
This purchase marks the firm’s entry into the European market. With this acquisition, the company adds a range of crypto ETPs to its portfolio, consolidating its presence on the continent and expanding its product offering.
Founded in 2019, ETC Group has distinguished itself by offering some of the largest and most traded ETPs in Europe, including the physical Bitcoin ETP (BTCE), which is the highest-volume product in the region, along with other significant products such as the Ethereum ETP with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20).
All these physically-backed products will be rebranded under the Bitwise name in the coming months. However, it was assured that there will be no significant changes to the structure or objectives of the current investment strategies.
<h3 id="span-style-font-weight-400-bitwise-continues-to-achieve-success-and-strengthen-its-position-span">Bitwise Continues To Achieve Success And Strengthen Its Position</h3>
The acquisition of ETC Group increases Bitwise’s assets under management to over $4.5 billion.&nbsp;
This purchase follows the successful launch of its Bitcoin ETF in January of this year, which has reached over $2 billion in assets, and the launch of the same product focused on Ethereum in July, which has gathered more than $300 million in its first few weeks.
Hunter Horsley, CEO of Bitwise, stated that the acquisition will allow the company to better serve European investors, offer a more comprehensive global perspective, and expand its product suite with innovative ETPs.&nbsp;
From ETC Group, they highlighted the professionalism of the manager and expressed their enthusiasm to continue their work in Europe under the new partnership.
Founded in 2017, Bitwise has established itself as a leading entity in the crypto industry, with a six-year track record in investment product management and education in digital assets.&nbsp;
The firm is known for its broad range of investment solutions, including crypto index funds and thematic ETFs, and has built strong relationships with numerous financial professionals and institutions.

Bitwise Expands Into Europe With $1B Purchase Of ETC Group And Nine Crypto ETPs

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