August 19, 2024<\/a><\/p>\n\u201cBitwise is building a global crypto asset manager for investors and financial advisors who want a best-in-class partner specialized in this fast-growing asset class,\u201d said Bitwise CEO Hunter Horsley. \u201cThis acquisition allows us to serve European investors, to offer clients global insight, and to expand the product suite with innovative ETPs. We\u2019re proud of the reputation we have built over the last six years with advisors, institutions, and investors as a sophisticated asset manager in crypto markets, and look forward to bringing this expertise to European investors.\u201d<\/p>\n
Founded in 2019, ETC Group has built a reputation as a leading crypto ETP issuer in Europe, offering a suite of\u00a0physically backed\u00a0products that include Bitcoin and other cryptocurrencies. Over the coming months, these ETPs will be rebranded under the Bitwise name, although the core investment strategies will remain unchanged.<\/p>\n
\u201cWe think Bitwise is building the best-of-breed firm for this new asset class and have proven their professionalism and leadership over many years,\u201d said ETC Group co-founder Bradley Duke. \u201cFor an asset management firm, culture and values are essential, and we couldn\u2019t be more excited to continue our work in Europe as part of Bitwise.\u201d<\/p>\n
With the addition of ETC Group\u2019s products, Bitwise\u2019s total assets under management now exceed $4.5 billion, with their\u00a0U.S. spot Bitcoin ETF (BITB) becoming one of the 25 fastest-growing ETPs of all time, closing in on over $2 billion in assets today, according to the press release.<\/p>","protected":false},"excerpt":{"rendered":"
Bitwise Asset Management has announced the acquisition of London-based ETC Group, the issuer of Europe\u2019s largest physical Bitcoin ETP (BTCE), according to a press release sent to Bitcoin Magazine. This\u00a0acquisition\u00a0not only expands Bitwise\u2019s global footprint but also adds more than $1 billion in assets under management to its portfolio. JUST IN: \ud83c\uddfa\ud83c\uddf8 Spot #Bitcoin ETF […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27351","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=27351"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/27351\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=27351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=27351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=27351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}