Bitwise AUM surpasses $4.5 billion, expands to Europe with ETC Group purchase

Bitwise Asset Management has announced the acquisition of ETC Group, a London-based integer plus manager known for creating Europe’s largest carnal Bitcoin ETP, BTCE. This strategical determination elevates Bitwise’s assets nether absorption (AUM) to implicit $4.5 cardinal and enhances its capableness to service European investors with institutional-grade products.

The acquisition includes Europe’s largest carnal Bitcoin ETP, the ET32 Ethereum staking ETP, and the ESOL Solana carnal ETP, among others. It expands Bitwise’s merchandise offerings and planetary insights for its clients.

Hunter Horsley, CEO of Bitwise, expressed enthusiasm for integrating ETC Group’s team, highlighting the alignment with Bitwise’s ngo to assistance investors navigate the opportunities successful the crypto space.

Since its inception successful 2017, Bitwise has provided investors entree to a divers scope of crypto products supported by autarkic probe and owed diligence. Horsley commented that the acquisition of ETC Group marks a important measurement successful Bitwise’s travel to broaden its scope and heighten its work offerings for investors successful Europe and beyond.

Consequences of ETC Group acquisition

Bitwise’s acquisition of ETC Group offers respective cardinal benefits that heighten its presumption successful the crypto concern landscape. The acquisition increases Bitwise’s assets nether management, thereby strengthening its fiscal lasting and marketplace influence.

Moreover, the acquisition allows Bitwise to leverage ETC Group’s expertise and insights successful the European market, wherever ETC Group is well-established with products domiciled successful Germany. By integrating ETC Group’s team, Bitwise gains invaluable quality superior that tin thrust innovation and merchandise development.

As reported by Bloomberg Law, the consolidation wrong the manufacture reflects a broader inclination wherever firms question to fortify their competitory borderline done strategical acquisitions. This determination positions Bitwise arsenic a much formidable player successful the crypto plus absorption sector, susceptible of providing broad and innovative solutions to conscionable the evolving needs of investors successful the integer plus space.

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