Bitwise Core Bitcoin ETP (ticker: BTC1.DE) is a German-domiciled exchange-traded product designed to provide investors with straightforward access to Bitcoin through traditional financial markets. This ETP is fully backed by physical Bitcoin, ensuring that each share corresponds directly to a specific amount of the digital asset. The product is listed on the Deutsche Börse Xetra, one of Europe's leading stock exchanges, offering liquidity and transparency to investors.

In August 2024, Bitwise Asset Management, a prominent U.S.-based digital asset manager, expanded its global footprint by acquiring London-based ETC Group, the original issuer of BTC1.DE. This strategic acquisition marked Bitwise's entry into the European market, allowing the firm to offer its expertise and a broader range of digital asset products to European investors. The integration of ETC Group's products into Bitwise's portfolio underscores a commitment to providing innovative and regulated investment vehicles in the rapidly evolving digital asset space. (ft.com)