High Efficiency. Low Cost. Institutional Benchmark.
Our Partner
Competitive Cost & Institutional Benchmark
Cost-efficient total expense ratio (TER) of 0.05% p.a., tracking the institutional-grade Bitcoin price benchmark by CF Benchmarks, ensuring accuracy and reliability in tracking Bitcoin’s price movements.
Tier 1 Regulatory Framework & Extended Primary Market Liquidity
The Core Bitcoin ETC is German-domiciled, tradable on European exchanges, and has a German financial authority approved base prospectus. It employs unique Tri-NAV valuation, giving investors a longer primary market liquidity window.
Advanced ETP Structure & Institutional-Grade Custody
100% backed, physical redemption, and full transparency through real-time proof of holdings. Assets are kept in cold-storage custody and are secured by an independent trustee, mitigating issuer default risk.
Easier crypto access
Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.
Regulated exchanges
Crypto ETCs can trade on regulated European exchanges e.g. XETRA, or SIX. Market participants are strictly vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.
Safe custody
Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.
Bitwise Core Bitcoin ETP (BTC1) is a physically backed exchange-traded product (ETP) designed to provide investors with a secure and cost-effective instrument to gain exposure to Bitcoin. BTC1 tracks the CME CF Bitcoin Reference Rate benchmark and offers easy access, high tradability, transparency, and institutional-grade custody within a robust, fully backed ETP structure. BTC1 is issued by Bitwise (previously ETC Group), click here to view the full fund page for more information.
Key Risks
Investors’ capital is at risk and investors may not get back the amount originally invested and should obtain independent advice before making a decision. Any decision to invest should be based on the information contained in the relevant prospectus. ETC securities are structured as debt securities, not as equity. ETCs trade on exchanges like securities. They are bought/sold at market prices which may be different to the net asset value of the ETC. Cryptocurrencies can be highly volatile and your capital is at risk.
* only for professional investors investing via this wrapper in UK
Source: HANetf, data as of 30.09.2026. Please note that all performance figures are showing net data. The underlying benchmark is “Core Bitcoin”, performance is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled “Risk Factors” for further details of risks associated with an investment in this product. If product is less than 12 months old, YTD field will be calculated since inception. When you invest in ETCs your capital is at risk.
Coming soon
Explore our expert-written monthly fund reports, periodic reviews, and key insights.
Why do currency swings matter for Bitcoin investors outside the US?
September 2026
About Partner
Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with Bitwise to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.
In Europe, for the past four years, Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.
This family of crypto ETPs is domiciled in Germany and approved by BaFin. Bitwise exclusively partners with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.
Bitwise’s European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.
Retail investors can benefit from easy access through numerous DIY/online brokers, coupled with Bitwise’s robust and secure physical ETP structure, which includes a redemption feature.
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