According to Techub News, Bloomberg reported that Bitwise Asset Management acquired cryptocurrency ETP issuer ETC Group. The terms of the transaction have not been disclosed.

ETC Group is a London-based cryptocurrency ETP issuer with an asset management scale of more than US$1 billion. This also marks Bitwise's expansion into Europe and adds 9 European-listed cryptocurrency ETPs to Bitwise's extensive suite of ETPs, hedge fund solutions and separately managed accounts.