Bitwise has listed four of its Germany-issued crypto ETPs on the London Stock Exchange (LSE), writing that this expands access to its institutional-grade product suite for Bitcoin and Ethereum investors, and widens its footprint across European markets.
The lineup includes BTC1, the Bitwise Core Bitcoin ETP, described as one of Europe’s most cost-efficient Bitcoin ETPs with a total expense ratio (TER) of 0.20 per cent 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, the firm writes, adding: “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, says: “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 cent per year, making it ideal for strategic allocations, the firm writes.
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), described as 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. The firm writes that 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 is designed to give 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. The firm writes that 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, the firm says.
