- Bitwise expands its ETP footprint into the UK and Europe.
- Products cater to professional investors only.
- Lack of immediate market volatility observed with the listing.
“Investing in crypto is rapidly becoming mainstream and institutional investors increasingly allocate digital assets to their portfolios. Bitwise offers secure, transparent, and best-in-class crypto investment products, supported by a team with expert knowledge of the market and the needs of institutional investors. We will continue to innovate our product range, in dialogue with investors to bring products that suit their needs in this rapidly developing asset class.” — Bradley Duke, Head of Bitwise Europe
Bitwise’s ETPs have demonstrated substantial growth previously, with the Bitwise Physical Bitcoin ETP achieving a 695.7% net asset value increase since mid-2020. The new listings are expected to fortify the company’s European presence.
The introduction of these ETPs to the London Stock Exchange aligns with historical trends of increased liquidity and institutional inflows upon such listings. Oversight by the UK’s Financial Conduct Authority ensures compliance and investor protection.
As institutional investors look to diversify their portfolios with crypto assets, Bitwise’s growing suite of ETPs offers compliant investment avenues. The company continues to strategize around the needs of institutional players.
Bitwise’s entry into the UK market with its crypto ETPs suggests potential for broader market adoption in regulated settings, further enhancing the mainstream acceptance of crypto assets.