Bitwise Launches Cryptocurrency ETPs on London Stock Exchange

Bitwise Asset Management has launched four cryptocurrency ETPs on the LSE, designed for professional investors. These include Bitcoin and Ethereum products, reflecting regulatory compliance and institutional access. The ETPs focus on cost-efficiency, liquidity, and potential returns, despite volatility challenges. They are limited to professional investors and entail significant market risks.

Bitwise Asset Management has successfully listed four cryptocurrency exchange-traded products (ETPs) on the London Stock Exchange (LSE), enhancing accessibility to Bitcoin, Ethereum, and Ethereum staking for professional investors. These Germany-issued ETPs are regulated and designed specifically for institutional-grade access, catering to Europe’s top financial centre.

This launch is a result of Bitwise’s 2024 acquisition of ETC Group, which expanded its European offerings, including additional ETPs for Solana and Aptos Staking. With BaFin-approved prospectuses, these products demonstrate transparency and regulatory adherence, making them suitable additions to portfolios for pensions, family offices, and asset managers.

The four listed products include: 1) Bitwise Core Bitcoin ETP (BTC1), 2) Bitwise Physical Bitcoin ETP (BTCE), 3) Bitwise Physical Ethereum ETP (ZETH), and 4) Bitwise Ethereum Staking ETP (ET32). The BTC1 ETP features a total expense ratio of 0.20% and a multi-territorial pricing model, making it the most cost-effective Bitcoin ETP in Europe, achieving a 33.9% return since its April 2024 launch in Germany.

The BTCE ETP stands out with an impressive $1.1 billion in assets under management (AUM) and liquidity, recording a 695.7% cumulative return since its inception in 2020. It is popular among traders due to its minimal bid-ask spreads. ZETH, which offers high-grade ETH exposure backed by cold storage, experienced a 53.2% decline in 2025 but remains a key option in the Ethereum market.

ET32 stands out as the only ETH staking ETP linked to a real benchmark, allowing investors to earn daily staking rewards. Despite its 40.6% drop since its 2024 launch, it appeals to those looking for yield amid low-interest rates.

Challenges remain for these ETPs due to limitations restricting access solely to professional and wholesale investors within the UK. Additionally, market volatility poses risks, as evidenced by significant price drops affecting ZETH and ET32. Bitwise cautions that these ETPs should only be considered by seasoned investors well-versed in regulatory, market, and liquidity risks.