Bitwise Expands Into Europe by Listing Four Bitcoin and Ether ETPs on the London Stock Exchange

Asset manager Bitwise has listed four Bitcoin BTCUSD and Ether ETHUSD exchange-traded products on the London Stock Exchange, expanding its presence in the European region.

Asset manager Bitwise has listed four Bitcoin (BTC) and Ether (ETH) exchange-traded products (ETPs) on the London Stock Exchange (CC).

What Happened: Bitwise has added the Bitwise Core Bitcoin ETP, the Bitwise Physical Bitcoin ETP, Bitwise's Physical Ethereum ETP, and the Bitwise Ethereum Staking ETP to its portfolio of crypto investment vehicles as digital assets gain a greater foothold in global financial markets, attracting more institutional interest in crypto and increasing the legitimacy of the nascent asset class.

The products are available to institutional or otherwise-qualified investors in the British Isles with an accreditation and not open to retail investors.

The development comes after the resignation of former Securities and Exchange Commission (SEC) Chairman Gary Gensler triggered a wave of crypto ETF applications in the United States.

Asset managers and crypto firms, including Bitwise, have been submitting filings in anticipation of a relaxed regulatory regime once Gensler left the agency in January.

Related Link: Institutional Bitcoin (BTC) ETFs Could Attract $50 Billion Inflows In 2025: Bitwise CIO

What Next: Bitwise's BTC and ETH ETF, which gives investors exposure to both digital assets in a single investment vehicle, was granted preliminary approval by the SEC in January but still requires final approval before listing.

The New York Stock Exchange (NYSE) (EQ:NYE) is applying to list the Bitwise Dogecoin ETF on the US-based exchange, according to a March 15 filing.

If approved, Dogecoin (DOGE) would be the first memecoin with a US-listed investment vehicle and could attract more institutional inflows into the dog-themed social token.

Bitwise also filed for an Aptos ETF in March. The proposed Bitwise Aptores ETF will hold the native cryptocurrency of the high-throughput layer-1 blockchain, Aptos (APT), and will not feature staking rewards.

Bitwise Chief Investment Officer (CIO) Matt Hougan recently predicted that Bitcoin ETFs could attract $50 billion in inflows in 2025.

Institutional inflows into crypto ETFs are expected to act as a price stabilizer for digital assets with investment vehicles, heating up the volatility of cryptocurrencies and creating a smoother channel to siphon capital from traditional investors in the stock market to crypto.