The monetary phrases of the acquisition weren’t disclosed.
ETC Group gives 9 Europe-listed exchange-traded merchandise, together with a bodily bitcoin product (BTCE) and staked ether ETP (ET32).
Crypto asset supervisor Bitwise expanded into Europe with the acquisition of London-based ETC Group, including 9 exchange-traded merchandise (ETP) within the area to its steady.
Monetary phrases weren’t disclosed for the acquisition, which provides ETC Group’s $1 billion in belongings below administration (AUM) to Bitwise’s AUM, taking it to above $4.5 billion, in response to an announcement on Monday.
ETC Group’s Europe-listed ETPs embrace a bodily bitcoin product (BTCE) and staked ether ETP (ET32).
Bitwise, which is among the many issuers of spot bitcoin and ether exchange-traded funds (ETFs) within the U.S., says it plans to broaden ETC Group’s platform in Europe.
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