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Bitwise Takes Crypto Mainstream with 4 New ETFs in London – Guess Who’s Getting Rich?

BBG News

Bitwise just dropped four crypto ETFs on the London Stock Exchange. That’s right, FOUR. And now, the UK gets exclusive VIP access to digital gold. Cha-ching! 💸

Bitwise Makes a Big Crypto Splash in London, and UK Investors Are Here for It

Well, folks, on April 16, Bitwise, that asset management company you’ve probably never heard of unless you live and breathe crypto, decided to show up and *flex* by listing not one, not two, but FOUR of its top-tier crypto exchange-traded products (ETPs) on the London Stock Exchange (LSE). We can only assume this is the company’s way of saying, “Europe, we’re here, deal with it.” 💥

The move isn’t just a bragging rights thing (although, honestly, it kind of is). It’s all about giving UK investors access to these institutional-grade digital assets. That means, if you’re one of the “qualified” UK investors (which, let’s be real, probably means you have a really, *really* expensive suit), you now have easy access to the good stuff. Bitwise summed it up beautifully:

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.

Bradley Duke, who clearly knows how to throw a crypto party, said, “I’m super pleased to see Bitwise products making their debut on the London Stock Exchange. This is like the Oscar of trading venues, folks.” Okay, he didn’t say exactly that, but it’s basically the same thing. Then, like any true visionary, he added: “Crypto is becoming mainstream, and institutional investors are throwing their portfolios at it like it’s the last piece of pizza at a party.” 🍕

So, what exactly are these magical ETPs? Oh, just the Bitwise Core Bitcoin ETP (BTC1), Bitwise Physical Bitcoin ETP (BTCE), Bitwise Physical Ethereum ETP (ZETH), and the Bitwise Ethereum Staking ETP (ET32). But don’t panic, there’s a breakdown for those of us who didn’t major in finance:

  • The Core Bitcoin ETP: For the investor who doesn’t mind going *strategic*, and wants cost-effective exposure to Bitcoin. (Translation: “I like my Bitcoin, but I don’t want to sell my kidney to own it.”)
  • The Physical Bitcoin ETP: This one’s for those looking for high liquidity and a nice short- to mid-term profit. Also known as “The One You’ll See at Every Crypto Party.”
  • The ZETH: Cold storage-backed Ethereum. Basically, if you want to play it safe and secure like a financial ninja.
  • The ET32: If you love Ethereum and want to earn staking rewards while you sleep. Think of it like a passive income generator. Not too shabby, huh?

In case you didn’t know, Bitwise didn’t just wake up and think, “Let’s do some crypto ETFs today.” In 2024, they acquired the ETC Group (that’s a huge deal, by the way), and since then, they’ve been kicking butt, developing new products, and expanding across Europe like they’re on a mission to make sure everyone in Europe owns a little bit of Bitcoin. 🏆

Bitwise’s ETPs are not just fancy names, they’re structured like exchange-traded commodities, backed by real crypto assets that are stored in cold storage (aka: not in your grandma’s wallet). And guess what? No need for a crypto wallet! Just throw these babies in your regular investment account. It’s like crypto for grown-ups who don’t want to deal with complicated techy stuff. 👏

With London now open for business, Bitwise is showing the world that they are not just *another* crypto company—they’re the crypto company. And for UK investors, the time to get in on this action is now. Because if you don’t, your neighbor will. 🤑

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2025-04-17 07:01

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