Bitwise Europe Expands Offerings with Four New ETPs on London Stock Exchange
Bitwise Europe has successfully listed four new Exchange-Traded Products (ETPs) on the London Stock Exchange, marking a significant expansion of its investment offerings in the European market. These ETPs are designed to provide investors with diversified exposure to key sectors, leveraging Bitwise’s expertise in innovative financial solutions. The launch underscores the growing demand for structured investment products in Europe and aligns with regulatory frameworks such as those overseen by the Financial Services Authority (FSA). This strategic move is expected to enhance liquidity and accessibility for both institutional and retail investors seeking targeted market opportunities.
Bitwise offers highly liquid European funds for BTC and ETH
The four ETPs offer varied investment profiles for institutions seeking to allocate funds to crypto. The Core Bitcoin ETP (BTC1) offers the lowest total expense ratio of 0.20% per year, designed for long-term investors. The Physical Bitcoin ETP (BTCE) has the highest liquidity level from the German trading platform XETRA, and is still one of the largest BTC products in Europe based on assets under management.
The Physical Ethereum ETP (ZETH) offers pure exposure and institutional-grade custody, while the Ethereum Staking ETP (ET32) offers low costs and daily accumulation of staking rewards. The new offerings will be settled and traded in cash, through USD and GBP.
Bitwise operates as a pure crypto entity, using its public wallets for some of the available ETFs. The fund carries 37.56K ETF in some of its known addresses, taking care of redemptions and transfers to Coinbase Prime for swapping. The ETPs are also adapted to traditional finance, and can be integrated into ETF portfolio accounts, and are compatible with the UK investment regulations.
The Bitwise products include a crypto index fund, tapping Uniswap (UNI) and Lido (LDO). The recent expansion of the LSE takes into account the more conservative venue, only offering fully regulated ETPs, linked to the most liquid assets.
The ETP issuer has moved into the European market with more products in the past year, offering ETPs based on Solana, Aptos, and a mixed Bitcoin and gold ETP launched this March. The products are listed on several European exchanges, leading up to the offerings on the highly liquid LSE. Bitwise also offers riskier funds linked to Web3 and DeFi, including private funds for accredited investors.
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