Bitwise Europe

Bitwise expands institutional–grade access to Bitcoin and Ethereum with four ETP listings on London Stock Exchange

• Bitwise adds London as trading hub for four of its European products, providing access to its best-in-class crypto ETPs for UK professional investors.
• Products to be traded at LSE include Bitwise Core Bitcoin ETP, Europe’s only Bitcoin ETP with extended primary market liquidity window and 0,20% TER, and the Bitwise Physical Bitcoin ETP with approximately 5-year track-record.
• LSE is premier trading venue for ETPs in Europe, with members of more than 20 countries having access to its order books
  
  

April 16, 2025. Frankfurt, London: Bitwise has listed four of its Germany-issued crypto Exchange Traded Products (ETPs) at the London Stock Exchange (LSE), expanding access to its institutional-grade product suite for Bitcoin and Ethereum investors, and widening its footprint across European markets. The lineup includes BTC1, the Bitwise Core Bitcoin ETP, one of Europe’s most cost-efficient Bitcoin ETPs with a total expense ratio (TER) of just 0.20% and the Bitwise Physical Bitcoin ETP, which has a five-year track record and ranks as Europe’s most liquid Bitcoin ETP. While these products remain restricted to professional and wholesale investors in the UK, the London listing significantly improves access for qualified market participants. Bitwise is a pure-play digital asset manager, yet our ETPs are designed by experts with deep expertise in both digital assets and traditional financial markets—making them ideally suited to the needs of institutional investors.

Bradley Duke, Managing Director, Head of Bitwise Europe, said: “I am very pleased to see the debut listings of Bitwise products on the London Stock Exchange, one of Europe’s most esteemed trading venues. 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.

The four products listed in London as of 15 April are:

• The Bitwise Core Bitcoin ETP (BTC1, ISIN: DE000A4AER62), a cost-efficient Bitcoin ETP option without fee holidays, with a TER of 0.20% per year, making it ideal for strategic allocations. The product is designed for long-term institutional investors seeking cost efficiency and benchmark reliability. The NAV is calculated three times daily using Bitwise’s unique Triple-Daily NAV Method, which integrates primary market liquidity from Hong Kong, the European Union, and the United States.
• The Bitwise Physical Bitcoin ETP (BTCE, ISIN: DE000A27Z304) the most liquid crypto ETP on the XETRA trading platform of Deutsche Börse, with one of the lowest bid-ask spreads, and the second-highest assets under management (AUM) of any physical Bitcoin ETP in Europe. It is often used by traders and short- to mid-term investors looking for flexible exposure to Bitcoin. Launched in June 2020 as the first ever crypto ETP on the German stock exchange in Frankfurt, BTCE is one of the largest Bitcoin products in terms of assets under management in Europe.
• The Bitwise Physical Ethereum ETP (ZETH, ISIN: DE000A3GMKD7), an institutional-grade Ethereum product that gives investors pure exposure to Ethereum performance, equipped with institutional-grade custody. The assets backing the ETP are kept in cold-storage, and are secured by an independent trustee, thus mitigating issuer default risk.
• The Bitwise Ethereum Staking ETP (ET32, ISIN: DE000A3G90G9), an institutional-grade, low cost, and liquid vehicle with staking rewards accumulating in the ETP daily leveraging ETH staking for maximum investor outcome. It has seen consistent positive net inflows while maintaining competitive bid-ask spreads, and aims at offering the lowest total cost of ownership among ETH Staking ETPs. As the only ETH staking ETP tied to a real benchmark, it enables investors to accurately evaluate Ethereum staking opportunities and clearly assess performance against industry standards.

Bitwise has accelerated its activities in Europe since its acquisition of ETC Group last year, continuing to launch innovative new products regularly, such as the Bitwise Solana Staking ETP in November 2024, the Bitwise Aptos Staking ETP in December and the Bitwise Diaman Bitcoin & Gold ETP just last month. Its products trade on several of Europe’s largest stock exchanges. Committed to transparency, expert product design, and professional management, Bitwise frequently publishes crypto research and market insights to educate and inform investors of the emerging opportunities in the digital assets space.

Bitwise enables investors to gain exposure to digital assets without the need for a crypto wallet, as our ETPs trade on regulated exchanges, just like traditional stocks or ETFs. Each ETP is fully backed by the corresponding digital asset, securely held in institutional-grade cold-storage custody. Structurally comparable to precious metal ETCs, Bitwise’s crypto ETPs also feature a physical redemption mechanism. Investor protection is further enhanced through the presence of an independent trustee and an audited issuer structure, ensuring that the underlying assets are held off the issuer’s balance sheet, thereby minimizing insolvency risk. Bitwise ETPs can be seamlessly integrated into standard brokerage or ETF portfolio accounts and are often eligible for SIPP and ISA inclusion, making them accessible for long-term investment planning in the UK.

LSE Listed ETPs Trading Information

About Bitwise

Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence, managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies – spanning both the U.S. and Europe.

In Europe, for the past four years Bitwise (formerly ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP, or the first diversified Crypto Basket ETP replicating an MSCI digital assets index.

This family of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe. Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature. For more information, visit www.bitwiseinvestments.com/eu

Media contacts:

JEA Associates
John McLeod
00 44 7886 920436
john@jeaassociates.com

Important information
This press release does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This press release is issued by Bitwise Europe GmbH (“BEU”), a limited company domiciled in Germany, for information only and in accordance with all applicable laws and regulations. BEU gives no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

Before investing in crypto Exchange Traded Products (“ETPs”), potential investors should consider the following:
Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors. ETPs issued by BEU are suitable only for persons experienced in investing in cryptocurrencies and risks of investing can be found in the prospectus and final terms available on www.bitwiseinvestments.com./eu. The invested capital is at risk, and losses up to the amount invested are possible. ETPs backed by cryptocurrencies are highly volatile assets and performance is unpredictable. Past performance is not a reliable indicator of future performance. The market price of ETPs will vary and they do not offer a fixed income or match precisely the performance of the underlying cryptocurrency. Investing in ETPs involves numerous risks including general market risks relating to underlying, adverse price movements, currency, liquidity, operational, legal and regulatory risks.