ETC Group
The ETC Group provides investors with secure, regulated access to the rapidly evolving digital assets and blockchain ecosystem. Founded in 2019, ETC has been at the forefront of digital asset management innovation, bridging the gap between crypto and traditional financial services. ETC’s ETP suite includes the largest and most heavily traded physical Bitcoin ETP (BTCE), Ethereum with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20). The firm also offers a range of other digital asset ETPs, including staking and index-based broad-market exposure, listed on leading European exchanges like XETRA, Euronext, SIX, and Wiener Börse. ETC Group was acquired by Bitwise Asset Management in August 2024, bringing its total assets under management to over $4.5 billion.
ABOUT ETC GROUP
ETC Group serves as a gateway to regulated crypto investments, combining the safety of traditional finance with the innovation of digital assets.
ETC provides investors with regulated securities to access the digital assets and blockchain ecosystem through traditional financial market infrastructure.
The firm is known for being one of the first issuers to launch a physically-backed bitcoin ETP in Europe.
ACQUISITION BY BITWISE
Bitwise's acquisition of ETC Group marks the beginning of its presence in Europe, representing Bitwise's global expansion strategy.
The acquisition adds nine European crypto ETPs to its product offering, further consolidating its leadership position in the digital investment sector.
ETC Group, known for its physically backed bitcoin fund, brings approximately $1.1 billion in AUM to the transaction.
The acquisitions allows the firm to serve European investors, to offer clients global insight, and to expand the product suite with innovative ETPs, the firm said in a statement.