Bitwise Expands into Europe with Acquisition of ETC Group
Source: Bitwise Bitwise Asset Management, a leading global crypto asset manager, has expanded its reach into the European market by acquiring London-based ETC Group . This strategic move adds to Bitwise’s portfolio and elevates its total assets under management (AUM) to over $4.5 billion. We’re excited to share that Bitwise has acquired ETC Group, the London-based digital asset manager and creator of Europe’s largest physical Bitcoin ETP (BTCE). The acquisition deepens our industry-leading suite of crypto products and brings Bitwise clients access to global… pic.twitter.com/RTSrrokBo3 — Bitwise (@BitwiseInvest) August 19, 2024 Acquisition Details On August 19, 2024, Bitwise announced its acquisition of ETC Group, a prominent issuer of exchange-traded products (ETPs) in Europe. The financial terms of the deal have not been disclosed. This acquisition includes ETC Group’s suite of nine European-listed crypto ETPs, which Features popular products such as t...