(Bloomberg) -- Crypto exchange-traded fund provider Bitwise Asset Management is buying ETC Group, a digital-assets issuer based in London, adding to a spate ...
-- Crypto exchange-traded fund provider Bitwise Asset Management is buying ETC Group, a digital-assets issuer based in London, adding to a spate of deals within the ETF industry.Terms of the deal weren’t disclosed. At the close of the transaction, San Francisco-based Bitwise will manage $4.5 billion, the company said in a statement Monday. London-based ETC Group, whose products include a physically backed Bitcoin fund, has around $1.1 billion of assets under management, according to its website.
The deal “allows us to serve European investors, to offer clients global insight, and to expand the product suite,” Bitwise Chief Executive Officer Hunter Horsley said in the statement.Sports Betting Is Legal, and Sportswriting Might Never Recover600,000 more investors dragged into paying tax Ainos Unveils AI Nose Breakthrough that Revolutionizes Smart Manufacturing Factory Automation and Manufacturing Safety
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