Bitwise Expands to Europe Through Purchase of ETC Group – New Crypto ETFs Out? | 23.08.24

• Bitwise übernimmt ETC Group
• Product portfolio of new ETPs integrated
• Kaum deliveries for larger deliveries, new product supply

Bitwise is suitable for expanding Bitcoin and Ethereum ETFs in the US. So in January, the company launched one of the first Bitcoin Spot ETFs on the US market with the Bitwise Bitcoin ETF (BITB), the press conference to “one of the 25 early in the morning where ETPs were all the time” and for a while more than two billion US dollars were sold. In July, the Bitwise Ethereum ETF (ETHW) was launched in the US, which took a second term in the first week of a period of more than 300 million dollars. In Europe, the Crypto Spot ETFs are no longer available. If Bitwise now goes to the European market in other ways and how the company is sold by the ETC Group, one of the new shares of Crypto ETPs is sold in gold Europe.

Bit by bit expansion through European cuisine and extensive product range

“This umbrella company is a European investor who is operating his business, who can offer a product range of innovative ETPs worldwide,” said Bitwise CEO Hunter Horsley and the deal with the press conference. With the purchase of the ETC Group, Bitwise no longer knows how to go to the European market, as the portfolio of the ETC Group goes to new crypto ETPs. This latest press conference is by other “the largest and most traded physical Bitcoin ETP (BTCE), an Ethereum Staking ETP (ET32), products on Solana (ESOL), XRP (GXRP)” and more, the physical jewels during the hint the speaking values ​​​​are shown. In total, the ETC Group in its products will have a capital of more than a billion US dollars. While the vast majority of Bitwise shipments now run on 4.5 billion US dollars.

“Exciting new products” for more news

The integration of the ETC Group into the Marke Bitwise will be included in the coming months. Before we start investing in ETC Group’s Krypto products, another company is no longer operating. “Keine Änderungen sind bei Productkonstruktion, Produkteigenschaften und Verwahrung vorgesehen. This is due to the fact that there is a strong focus on private management (…). Für Halter der Krypto-ETPs von ETC Group beht die kein Handlungsbedarf”, heisst es in der Pressemitteilung. Make sure the product names are no longer displayed so you can reflect on Bitwise. “I have invested in ETC Group products since they are new – we have noticed a change in product names. We can see exciting new products, research and support for our customers”, it appeared on the ETC Group website. .

Bitwise takes a look at the path to the “global crypto asset manager”

The ETC Group, which announces products and the Frankfurt stock exchange, brings the development of crypto-ETPs to a sharper market in Europe. Who dies Bitwise when it comes to costs, is not possible. For Bitwise it makes sense to execute a strategic strategy, expand an international business and position Krypto-Asset-Manager. “Bitwise has launched a global crypto-asset manager for investors and financial institutions, which is one of the first partners to specialize in this fast Anlageklasse”, Bitwise CEO Horsley said in the press conference.

Bitwise is not the only American representative to have the opportunity to whitewash and sell into the European market during an expansion of the European economy. Cathie Wood’s investment company ARK Invest also found its way to Europe some time ago through British fund providers Rize ETF.

Editorial staff finanzen.ch