- Bitwise launches BTC1, BTCE, ZETH, and ET32 on the London Stock Exchange, initially offering access to institutional investors.
- BTC1 offers a cost-effective Bitcoin investment with a 0.20% expense ratio and a 33.9% return since its debut.
- Bitwise continues European growth with regulatory-compliant products, including new staking options for Solana and Aptos.
Crypto index fund manager Bitwise recently expanded its asset offering in the European market. According to reports, four of its German crypto exchange-traded products (ETPs) debuted on the London Stock Exchange. Initially, these products will be available to institutional investors in the UK.
Bitwise Enters the UK Crypto Market with New ETPs
Bitwise’s latest product catalogue comprises the Core Bitcoin ETP, listed as BTC1 on the LSE, and the Physical Bitcoin ETP, carrying the ticker BTCE. Others crypto vehicle offerings include the Physical Ethereum ETP listed as ZETH, as well as the Ethereum Staking ETP with the ET32 unique identifier.
The BTC1 boasts a total expense ratio (TER) of 0.20%, making it one of the cost-effective Bitcoin ETPs in the European market. Since its listing on the German stock exchange in April last year, the Core Bitcoin ETP returned 33.9%. The vehicle is designed to meet the needs of long-term investors who prioritize reliability.
With a $1.1 billion AUM, the BTCE is Europe’s most traded Bitcoin ETP. It has a five-year return run, posting a cumulative gain of 695.7% since debuting in 2020. The ZETH provides users with pure exposure to Ethereum and high-grade asset custody. Even though it has slipped by 53.2% since the turn of the year, the Physical Ethereum ETP is regarded as a pivotal vehicle in the ETP space.
The ET32 functions as an affordable and liquid ETP that offers rewards through ETH staking. It is often used by investors who seek low-cost yields. In the past year, Ethereum Staking ETP has tanked by 40.6%. Head of Bitwise Europe, Bradley Duke, expressed delight about the recent listing and highlighted the ongoing increase in global crypto adoption.
Duke said:
I am very pleased to see the debut listings of Bitwise products on the London Stock Exchange, one of Europe’s most esteemed trading venues. Investing in crypto is rapidly becoming mainstream and institutional investors increasingly allocate digital assets to their portfolios.
The Bitwise chief also remarked that the fund manager provides “secure, transparent” and industry-grade products backed by an elite team of experts with the requisite market knowledge. He added that the company will continue to improve its product offerings in line with the latest industry standards.
Bitwise Pioneering Crypto Investment with Innovative ETPs and European Expansion
Bitwise is the world’s largest crypto index fund manager, managing assets worth up to $12 billion. Last year, it expanded its European market base by acquiring ETC Group. Since then, it has introduced several innovative products to help increase investor exposure to cryptocurrency.
In November, the fund manager launched the Solana Staking ETP, followed by the Aptos Staking ETP a month later. In March this year, the crypto fund manager introduced two new product offerings for its European customers: the Diaman Bitcoin and Gold ETP. The firm emphasizes regulatory compliance with BaFin-approved prospectuses, making ETPs a noteworthy portfolio investment option for family offices, asset managers, and more.
