BTCE

Bitwise Physical Bitcoin ETP

Physical Bitcoin exposure with safe custody and the liquidity of an exchange traded product.

Case for Crypto ETCs

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Easier crypto access

Unlike directly investing in cryptocurrencies, ETCs require no cryptocurrency wallet, unless investors wish to redeem for the underlying coin.

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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.

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Safe custody

Underlying cryptocurrencies can be safely stored by regulated custodians, built for digital assets.

Case for Bitcoin ETC

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An easier way to invest in Bitcoin

Unlike directly investing in Bitcoin, BTCE needs no cryptocurrency wallet, unless investors wish to redeem BTCE for Bitcoin. Your units of BTCE are safely held with your broker or bank.

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Invest in Bitcoin on a regulated exchange

The Bitcoin ETC trades on regulated European exchanges e.g. XETRA, SIX. Investors can trade with confidence knowing that market participants are vetted and monitored, preventing market abuse unlike largely unregulated cryptocurrency exchanges.

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Safe custody

The Bitcoin is stored with BitGO Trust Company, Zodia Custody (Ireland) Limited & Komainu, a secure, regulated custodian, built for digital assets. Strict KYC and AML standards ensure the provenance of all custodied cryptocurrency is vetted.

As of 27.08.2026

Product Objective

Bitwise Physical Bitcoin ETP (BTCE) is an exchange traded cryptocurrency (ETC) that tracks the price of Bitcoin. Each unit of BTCE is 100% physically backed by Bitcoin, and trades on European exchanges, providing investors with a safer and liquid way to gain exposure to Bitcoin. Each unit of BTCE gives the holder a claim on a predefined amount of Bitcoin. BTCE is issued and distributed by Bitwise (previously ETC Group), click here to view the full fund page for more information.

Key Information

Inception Date08/06/2020
Base CurrencyUSD
Net Assets of Fund$867,761,420
TER200 bps
Replication MethodPhysically Allocated Bitcoin
DomicileGermany
ISINDE000A27Z304

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. For a complete overview of all the risks, please refer to the “Risk Factors” in the Prospectus.

Product Information

TickerBTCE
Asset ClassDigital Assets

Net Asset Values

NAV$70.84
Net assets of Fund$867,761,420
Shares Outstanding12,250,032
Issuer AUM$1,619,618,187
Entitlement Per Security0.0008861366

Product Structure

UCITS CompliantNo
UCITS EligiblePlease contact HANetf
ISA Eligible*Yes
SIPP Eligible*Yes
UK Fund Reporting StatusYes

* only for professional investors investing via this wrapper in UK

Key Service Providers

CustodianBitGo Europe GmbH
IssuerBitwise Europe GmbH
RegistrarClearstream Banking AG

Registrations

austria Flag Austria
croatia Flag Croatia
cyprus Flag Cyprus
czech Flag Czech Republic
denmark Flag Denmark
estonia Flag Estonia
finland Flag Finland
france Flag France
germany Flag Germany
greece Flag Greece
ireland Flag Ireland
italy Flag Italy
luxembourg Flag Luxembourg
netherlands Flag Netherlands
norway Flag Norway
poland Flag Poland
portugal Flag Portugal
slovakia Flag Slovakia
slovenia Flag Slovenia
spain Flag Spain
sweden Flag Sweden
switzerland Flag Switzerland
uk Flag United Kingdom

Listings & Codes

ExchangeTickerRICSEDOLCCYListing Date
Borsa ItalianaBTCE IMBTCE.MIBNVTWF52026-02-09
Nasdaq StockholmBTCE SSBTCE.STBNYL2N6SEK2026-01-14
LSEBTCF LN-BMF8HY5$2025-04-15
LSEBTCE LN-BS6ZTT6£2025-04-15
CBOE NLBTCED I2BTCEd.DXEBNM7CN62022-07-28
XetraBTCF GYBTCF.DEBMFCDV6$2021-11-26
Wiener BoerseBTCE AVDE000A27Z304=VIBN4RH622021-08-18
Aquis UKBTCEGZ QX-BLB3S66£2021-06-07
Aquis UKBTCED QX--$2021-06-07
Aquis UKBTCECZ QX-BLB3S772021-06-07
Aquis AmsterdamBTCED QE--2021-06-07
Euronext AmsterdamBTCE NABTCE.ASBN0ZB13$2021-06-01
Euronext ParisBTCE FPBTCE.PABN0ZB022021-06-01
SIXBTCECHF SEBTCECHF.SBLB3S772021-01-13
SIXBTCEGBP SEBTCEGBP.SBLB3S66£2021-01-13
SIXBTCEUSD SEBTCEUSD.SBLB3S55$2021-01-13
XetraBTCE GYBTCE.DEBMWSLR92020-06-18
Exchange Borsa Italiana
Ticker BTCE IM
RIC BTCE.MI
SEDOL BNVTWF5
CCY
Listing Date 2026-02-09
Exchange Nasdaq Stockholm
Ticker BTCE SS
RIC BTCE.ST
SEDOL BNYL2N6
CCY SEK
Listing Date 2026-01-14
Exchange LSE
Ticker BTCF LN
RIC -
SEDOL BMF8HY5
CCY $
Listing Date 2025-04-15
Exchange LSE
Ticker BTCE LN
RIC -
SEDOL BS6ZTT6
CCY £
Listing Date 2025-04-15
Exchange CBOE NL
Ticker BTCED I2
RIC BTCEd.DXE
SEDOL BNM7CN6
CCY
Listing Date 2022-07-28
Exchange Xetra
Ticker BTCF GY
RIC BTCF.DE
SEDOL BMFCDV6
CCY $
Listing Date 2021-11-26
Exchange Wiener Boerse
Ticker BTCE AV
RIC DE000A27Z304=VI
SEDOL BN4RH62
CCY
Listing Date 2021-08-18
Exchange Aquis UK
Ticker BTCEGZ QX
RIC -
SEDOL BLB3S66
CCY £
Listing Date 2021-06-07
Exchange Aquis UK
Ticker BTCED QX
RIC -
SEDOL -
CCY $
Listing Date 2021-06-07
Exchange Aquis UK
Ticker BTCECZ QX
RIC -
SEDOL BLB3S77
CCY
Listing Date 2021-06-07
Exchange Aquis Amsterdam
Ticker BTCED QE
RIC -
SEDOL -
CCY
Listing Date 2021-06-07
Exchange Euronext Amsterdam
Ticker BTCE NA
RIC BTCE.AS
SEDOL BN0ZB13
CCY $
Listing Date 2021-06-01
Exchange Euronext Paris
Ticker BTCE FP
RIC BTCE.PA
SEDOL BN0ZB02
CCY
Listing Date 2021-06-01
Exchange SIX
Ticker BTCECHF SE
RIC BTCECHF.S
SEDOL BLB3S77
CCY
Listing Date 2021-01-13
Exchange SIX
Ticker BTCEGBP SE
RIC BTCEGBP.S
SEDOL BLB3S66
CCY £
Listing Date 2021-01-13
Exchange SIX
Ticker BTCEUSD SE
RIC BTCEUSD.S
SEDOL BLB3S55
CCY $
Listing Date 2021-01-13
Exchange Xetra
Ticker BTCE GY
RIC BTCE.DE
SEDOL BMWSLR9
CCY
Listing Date 2020-06-18

Performance

BTCE (Fund)
1M7.12%
3M-18.45%
6M-25.27%
YTD-29.58%
12M-48.08%
3Y100.82%
Since Inception (08/06/2020)469.35%
NAV

Source: HANetf, data as of 31.07.2026. Please note that all performance figures are showing net data. The underlying benchmark is “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.

Holdings As of 27.08.2026

Index Details

Product documents

Knowledge hub

Explore our expert-written monthly fund reports, periodic reviews, and key insights.

Press Coverage

Finance Feeds

Bitcoin vs Gold: A clash of value in a changing world

Video

Explore the latest video from Bitwise on the the projects they have undertaken to offset the carbon impact on Bitcoin.

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.

How to Buy