Official announcements from Bitwise, financial news outlets like Bloomberg or Reuters

Bitwise Acquires ETC Group, Issuer of Largest Physical Bitcoin ETP in Europe

Aug 19, 2024, 01:14 PM

Bitwise Asset Management, a prominent crypto exchange-traded fund provider, has announced its acquisition of ETC Group, a digital-assets issuer based in London. ETC Group is known for creating Europe's largest physical Bitcoin exchange-traded product (ETP), BTCE. This acquisition is part of Bitwise's strategy to expand its presence in the European market and enhance its suite of crypto products. The move reflects a broader trend of consolidation within the ETF industry.