Bitwise Launches Four Bitcoin and Ether Exchange-Traded Products
San Francisco-based asset manager Bitwise has launched four Bitcoin and Ether exchange-traded products (ETPs) on the London Stock Exchange. This move by Bitwise is a significant strategic move to expand their presence into the Europe region.
Bitwise Expands its ETP Offering
The listed products includes the Bitwise Core Bitcoin ETP, the Bitwise Physical Bitcoin ETP, Bitwise’s Physical Ethereum ETP, and the Bitwise Ethereum Staking ETP. The firm made the announcement public on April 16.
The firm mentioned that the Bitwise Investment Products are curated to be available only to institutional or qualified investors with proper accreditation and not to retail investors.
Legitimizing Crypto As an Asset Class
The Asset Manager is seeking to launch a range of cryptocurrency investment vehicles as they firmly believe that digital assets are building a strong foothold in the global financial markets. This soon realized foothold is attracting more institutional interest in cryptocurrencies and increasing the legitimacy of these emerging assets.
Changing Regulations for Crypto in the US
Former Securities and Exchange Commission (SEC) Chairman Gary Gensler’s resignation gave rise to a wave of crypto exchange-traded fund (ETF) applications in the United States. Financial firms and crypto-focused companies proceeded in a rush to process their filings in anticipation of a more eased regulatory environment after Gensler’s departure from the agency in January.
The Bitwise BTC and ETH ETF, which is a product that allows investors to access both digital assets through a single investment vehicle, received preliminary approval by the SEC in January. However, the product is waiting final approval before being listed officially.
Bitwise’s Filing for Dogecoin ETF: The First Meme Coin to go Mainstream?
In March 2025, the New York Stock Exchange (NYSE) submitted an application for a rule change to list the Bitwise Dogecoin ETF on the US exchange. Upon approval, Dogecoin would be the first-ever meme coin to have a US-listed investment vehicle. This may then attract more institutional flows into the dog-themed social token.
Separately, Bitwise attempted to cover the high-throughput layer-1 blockchain space as they filed for an Aptos ETF in March. This proposed Bitwise Aptos will hold the native cryptocurrency of the high-throughput layer-1 blockchain and will not feature staking rewards.
Bitcoin ETFs: Potential for Massive Inflows
Bitwise’s CIO, Matt Hougan predicted that Bitcoin ETFs would attract $50 billion in inflows by 2025. Such institutional inflows into crypto ETFs could act as a price stabilizer for digital assets with investment vehicles. The prediction suggests that it will lower volatility through a pipeline siphoning capital from traditional stock market investors to cryptocurrencies.
Conclusion
Overall, Bitwise’s new listings on the London Stock Exchange represent a significant development in the increasing convergence of traditional finance and cryptocurrency. As more professional investors gain exposure to digital assets through regulated products, we can expect to see continued growth in this emerging asset class.
