1. ETC Group Acquisition
2. New Exchange-Traded Products in Bitwise's Portfolio
3. ETP Inflows and Outflows Data for Bitwise

Bitwise, one of the key players in the cryptocurrency market, announced the acquisition of London's ETC Group, adding 9 new exchange-traded products to its portfolio. This move also increased Bitwise's assets under management (AUM) by $1 billion, bringing the total to $4.5 billion.

ETC Group Acquisition

In a move to expand its presence in the European market, Bitwise acquired London's ETC Group. While the financial terms of the deal were not disclosed, the acquisition has increased Bitwise's assets under management (AUM) by $1 billion, surpassing the $4.5 billion mark, according to an announcement on August 19.

New Exchange-Traded Products in Bitwise's Portfolio

The exchange-traded products (ETPs) added to Bitwise's portfolio include what it calls 'the largest and most heavily traded physical Bitcoin ETP (BTCE),' fully-backed Ethereum ETP with staking (ET32), Solana (ESOL), XRP (GXRP), and the MSCI Digital Assets Select 20 (DA20) funds.

ETP Inflows and Outflows Data for Bitwise

According to Farside Investors, BITB was one of only two funds to record outflows yesterday. While BITB and EZBC funds showed outflows, IBIT and FBTC managed to keep a positive flow. For Ethereum ETFs, Bitwise's ETHW and Grayscale's ETH funds recorded positive inflows, while Grayscale's ETHE saw negative net inflows for the day.

The acquisition of ETC Group has enabled Bitwise to strengthen its position in the European market, adding significant assets to its managed funds and expanding its portfolio of exchange-traded products.