Bitwise, a prominent crypto asset manager, has acquired London-based ETP provider ETC Group. This strategic move enables Bitwise to extend its services into the European market, potentially increasing its influence in the global crypto landscape. However, the acquisition comes at a time when the market is facing heightened regulatory scrutiny and declining investor confidence. The expansion into Europe may present new challenges, as the region's regulatory environment remains uncertain. This development underscores the ongoing volatility and unpredictability within the crypto industry.