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Bitwise has established London as a trading center for four of its European products,
offering UK professional investors access to its premium crypto ETPs. -
Available products on the LSE include the Bitwise Core Bitcoin ETP,
which is Europe’s only Bitcoin ETP featuring an extended primary market liquidity window and a 0.20% TER, along with the Bitwise Physical Bitcoin ETP, boasting an approximately five-year track record. -
The LSE serves as the leading trading platform for ETPs in Europe,
with access to its order books available to members from over 20 countries.
April 16, 2025. Frankfurt, London: Bitwise has launched four of its German-issued crypto Exchange Traded Products (ETPs) on the London Stock Exchange (LSE), broadening access to its institutional-grade offerings for Bitcoin and Ethereum investors and enhancing its presence in European markets. This lineup features BTC1, the Bitwise Core Bitcoin ETP, recognized as one of Europe’s most cost-effective Bitcoin ETPs with a total expense ratio (TER) of merely 0.20%, and the Bitwise Physical Bitcoin ETP, which is regarded as Europe’s most liquid Bitcoin ETP, having sustained operations for five years. Although these products are currently limited to professional and wholesale investors in the UK, the London listing significantly enhances access for qualified market participants. Bitwise operates as a specialized digital asset manager, with our ETPs crafted by professionals possessing extensive knowledge in both digital assets and traditional financial markets—making them well-suited for institutional investor needs.
Bradley Duke, Managing Director, Head of Bitwise Europe, remarked: “I am incredibly delighted to witness the debut of Bitwise products on the London Stock Exchange, one of Europe’s most prestigious trading platforms. As investing in crypto rapidly gains acceptance, institutional investors are increasingly incorporating digital assets into their portfolios. Bitwise provides secure, transparent, and top-tier crypto investment solutions, backed by a team of experts acquainted with the market and institutional investor demands. We will persist in innovating our product line in collaboration with investors to deliver offerings that align with their requirements within this swiftly evolving asset class.
The four products listed in London as of April 15 are:
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The
Bitwise Core Bitcoin ETP
(BTC1, ISIN: DE000A4AER62) offers a cost-effective Bitcoin ETP option with no fee holidays and a TER of 0.20% per year, making it suitable for strategic allocations. This product is tailored for long-term institutional investors in search of cost efficiency and reliable benchmarks. The NAV is computed three times daily using Bitwise’s proprietary Triple-Daily NAV Method, which incorporates primary market liquidity from Hong Kong, the European Union, and the United States. -
The
Bitwise Physical Bitcoin ETP
(BTCE, ISIN: DE000A27Z304) is recognized as the most liquid crypto ETP on the XETRA trading platform of Deutsche Börse, characterized by one of the narrowest bid-ask spreads and the second-highest assets under management (AUM) of any physical Bitcoin ETP in Europe. This product is frequently utilized by traders and short- to mid-term investors seeking flexible Bitcoin exposure. Introduced in June 2020 as the first crypto ETP on the German stock exchange in Frankfurt, BTCE ranks among the largest Bitcoin products in Europe based on assets under management. -
The
Bitwise Physical Ethereum ETP
(ZETH, ISIN: DE000A3GMKD7) provides an institutional-grade Ethereum offering that delivers pure exposure to Ethereum’s performance, complete with institutional-grade custody. The assets backing the ETP are stored in cold-storage and secured by an independent trustee, thereby reducing the risk of issuer default. -
The
Bitwise Ethereum Staking ETP
(ET32, ISIN: DE000A3G90G9) is an institutional-grade, cost-effective, and liquid fund that accumulates staking rewards daily through ETH staking for optimal investor results. It has experienced consistent positive net inflows while maintaining competitive bid-ask spreads, aiming to provide the lowest total cost of ownership among ETH Staking ETPs. As the sole ETH staking ETP linked to a valid benchmark, it allows investors to accurately evaluate Ethereum staking options and assess performance against industry benchmarks.
Since acquiring ETC Group last year, Bitwise has ramped up its operations in Europe, consistently introducing innovative products 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 offerings are traded across several of Europe’s most significant stock exchanges. Committed to transparency, expert product formulation, and professional management, Bitwise regularly publishes insights and research on crypto to educate and inform investors about emerging opportunities in the digital asset landscape.
Bitwise empowers investors to engage with digital assets without requiring a crypto wallet, as our ETPs trade on regulated exchanges just like conventional stocks or ETFs. Each ETP is completely backed by the respective digital asset stored in institutional-grade cold-storage custody. Structurally comparable to precious metal ETCs, Bitwise’s crypto ETPs also incorporate a physical redemption mechanism. Additional investor protection is provided through the appointment of an independent trustee and an audited issuer framework, which ensures that the underlying assets are kept off the issuer’s balance sheet to minimize risk of insolvency. Bitwise ETPs can be effortlessly integrated into standard brokerage or ETF portfolio accounts and are frequently eligible for SIPP and ISA inclusion, making them suitable for long-term investment strategies in the UK.
Trading Information for LSE Listed ETPs
| Instrument Name | ISIN | Issuer | Trading currency |
| BITWISE CORE BITCOIN ETP | DE000A4AER62 | Bitwise Europe GmbH | USD |
| BITWISE CORE BITCOIN ETP | DE000A4AER62 | Bitwise Europe GmbH | GBP |
| BITWISE PHYSICAL BITCOIN ETP | DE000A27Z304 | Bitwise Europe GmbH | USD |
| BITWISE PHYSICAL BITCOIN ETP | DE000A27Z304 | Bitwise Europe GmbH | GBP |
| BITWISE PHYSICAL ETHEREUM ETP | DE000A3GMKD7 | Bitwise Europe GmbH | USD |
| BITWISE PHYSICAL ETHEREUM ETP | DE000A3GMKD7 | Bitwise Europe GmbH | GBP |
| BITWISE ETHEREUM STAKING ETP | DE000A3G90G9 | Bitwise Europe GmbH | USD |
| BITWISE ETHEREUM STAKING ETP | DE000A3G90G9 | Bitwise Europe GmbH | GBP |
About Bitwise
Bitwise ranks among the world’s foremost crypto-specialized asset managers. Thousands of financial advisors, family offices, and institutional investors globally have collaborated with us to explore and harness the prospects within crypto since 2017. We have built a reputation for excellence by managing a diverse array of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies in the U.S. and Europe.
In Europe, Bitwise (formerly ETC Group) has spent the last four years cultivating a comprehensive and innovative suite of crypto ETPs, including Europe’s most traded bitcoin ETP and the inaugural diversified Crypto Basket ETP mimicking an MSCI digital assets index.
This suite of crypto ETPs is domiciled in Germany and issued under a base prospectus approved by BaFin. We exclusively collaborate with respected entities from the traditional financial sector, ensuring that 100% of the assets are securely held offline (cold storage) through regulated custodians.
Our European offerings comprise a carefully curated collection of financial instruments that seamlessly fit into any professional portfolio, ensuring comprehensive exposure to crypto as an asset class. Accessing these instruments is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid ETF trading exchange in Europe. Retail investors benefit from straightforward access through various DIY/online brokers, coupled with our robust and secure physical ETP structure, which incorporates a redemption feature. For further details, visit www.bitwiseinvestments.com/eu
Media Contacts:
JEA Associates
John McLeod
00 44 7886 920436
Important Information
This press release does not constitute investment advice, nor does it represent an offer or solicitation to purchase financial products. This communication is distributed by Bitwise Europe GmbH (“BEU”), a limited company based in Germany, purely for informational purposes and in compliance with applicable laws and regulations. BEU makes no explicit or implicit warranties or guarantees regarding the accuracy, completeness, or correctness of this article or the opinions expressed within. It is recommended to avoid reliance on the fairness, accuracy, completeness, or correctness of this article and its opinions. This document neither serves as investment advice nor as an offer or solicitation to acquire financial products or cryptocurrencies.
Potential investors should evaluate the following before investing in crypto Exchange Traded Products (“ETPs”):
It is advised for potential investors to seek independent counsel and review relevant information found in the base prospectus and the final terms for the ETPs, particularly concerning risk factors. ETPs issued by BEU are intended solely for individuals experienced in investing in cryptocurrencies. The risks associated with such investments are detailed in the prospectus and final terms accessible at www.bitwiseinvestments.com/eu. The invested capital is at risk, and potential losses may amount to the total amount invested. ETPs supported by cryptocurrencies are highly volatile assets, and their performance is unpredictable. Past performance should not be regarded as a reliable indicator of future outcomes. The market pricing of ETPs will fluctuate, and they do not guarantee fixed income or precisely track the performance of the underlying cryptocurrency. Investing in ETPs carries multiple risks, including general market risks related to underlying assets, price fluctuations, currency, liquidity, operational, legal, and regulatory risks.
