Bitwise Expands Into Europe With ETC Group Acquisition, Adding 9 Crypto ETFs

CoinMarketCap08-20

Crypto fund manager Bitwise has expanded its presence into Europe by acquiring London-based ETC Group, adding 9 exchange-traded products (ETPs) to its portfolio. While the financial terms were not ...

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Earlier this year, it launched its own spot Bitcoin ETF  with the ticker BITB.In July, Bitwise also launched its first spot Ethereum ETF called the Bitwise Ethereum ETF . It has also performed well, with its reserves topping $300 million in its first few weeks.Data from Farside Investors shows that BITB was one of the only two funds to record outflows yesterday. Franklin’s EZBC was the other fund that saw capital leave its rese","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4550":"红杉资本持仓","FDN":"First Trust Dow Jones Internet I","BK4551":"寇图资本持仓","LU1861558580.USD":"日兴方舟颠覆性创新基金B","ETH":"Grayscale Ethereum Mini Trust","EZET":"Franklin Ethereum Etf","BK4547":"WSB热门概念","BK4112":"金融交易所和数据","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4539":"次新股","BK4023":"应用软件","CETH":"21Shares Core Ethereum ETF","BK4516":"特朗普概念","BK4554":"元宇宙及AR概念","ETHV":"Vaneck Ethereum ETF","FETH":"Fidelity Ethereum Fund","QETH":"Invesco Galaxy Ethereum ETF","ETHW":"Bitwise Ethereum ETF","BK4585":"ETF&股票定投概念","BK4595":"比特币概念","BK4535":"淡马锡持仓","BK4588":"碎股"},"translate_title":"Bitwise通过收购ETC Group进军欧洲，增加9只加密货币ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ETHW":1,"QETH":0.9,"FETH":0.9,"FDN":0.9,"EZET":0.9,"ETHV":0.9,"CETH":0.9,"ETH":0.62},"content_text":"Crypto fund manager Bitwise has expanded its presence into Europe by acquiring London-based ETC Group, adding 9 exchange-traded products (ETPs) to its portfolio.\nWhile the financial terms were not disclosed, the acquisition brings an additional $1 billion in assets under management (AUM) to Bitwise, boosting the firm’s total AUM to over $4.5 billion, according to an Aug. 19 announcement.\n\nBitwise Adds BTC, XRP And SOL ETPS To Its Arsenal\nIncluded in the ETPs Bitwise has added to its portfolio are what it calls “the largest and most heavily traded physical Bitcoin ETP (BTCE).”\nFully-backed Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP) and the MSCI Digital assets Select 20 (DA20) funds have been acquired.\n\n'Bitwise goes to Europe' https://t.co/ZE8QbUn7Wl\n— James Seyffart (@JSeyff) August 19, 2024\n\nBitwise is one of the major players in the crypto space. Earlier this year, it launched its own spot Bitcoin ETF (exchange-traded fund) with the ticker BITB. \nSince its inception, the fund has become “one of the 25 fastest-growing ETPS of all time,” said the announcement. The fund currently boasts an AUM of over $2 billion.\nIn July, Bitwise also launched its first spot Ethereum ETF called the Bitwise Ethereum ETF (ETHW). It has also performed well, with its reserves topping $300 million in its first few weeks.\nBitwise’s Spot BTC ETF Sees Outflows While Its ETH Fund Sees Some Additional Investment\nData from Farside Investors shows that BITB was one of the only two funds to record outflows yesterday. Franklin’s EZBC was the other fund that saw capital leave its reserves. \nMany of the spot Bitcoin ETFs recorded zero flows on the day, except for BlackRock’s IBIT and Fidelity’s FBTC. Both of these ETFs managed to keep yesterday’s net flows positive.\nLooking at spot Ethereum ETF flows for the same day, Bitwise’s ETHW was one of the only funds to record inflows. Grayscale’s ETH fund also recorded positive flows, while Grayscale’s ETHE pushed the net flows for the day into the negatives.\nRelated Articles:\n\nUpcoming Crypto Presales: Unlock Early Investment Opportunities!\nBitcoin Miners Could Gain $13.9 Billion Annually From Shift to AI, High-Performance Computing, VanEck Says\nChimpzee Is Set to Launch on Solana: CHMPZ Investors Anticipate Major Price Spikes in Coming Months","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Company Corporation","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460226910"}