Bitwise Asset Management recently announced the successful acquisition of ETC Group, a London-based issuer of exchange-traded products (ETPs) for cryptocurrencies, with an asset management scale exceeding $1 billion. This acquisition not only strengthens Bitwise's global business footprint, particularly focusing on the development of the European market, but also adds nine cryptocurrency ETPs listed in Europe to its product portfolio. This means that Bitwise can now offer a wide range of investment products and services, including ETPs, hedge fund solutions, and separately managed accounts, to meet investors' needs for crypto assets in the European region.