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Crypto ETPs Listed on UK-Regulated Markets

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Bitwise provides exchange-traded products linked to cryptoassets such as Bitcoin and Ethereum, designed for inclusion in investment portfolios, ISAs, and SIPPs, and available through participating brokers and banks.

Bitwise ETPs are physically backed by digital assets held in custody with regulated custodians, including BitGo and Coinbase, providing exchange-traded exposure designed to align with professional market infrastructure standards. Investors may access these products through ISAs, SIPPs, and investment portfolios, subject to platform eligibility and investor suitability assessments.

CRYPTO ETPs

For traditional investors, professionals and wealth managers

A crypto ETP is an exchange-traded product that tracks the price of an underlying digital asset. Bitwise crypto ETPs are physically backed 1:1 with cryptoassets such as Bitcoin and Ethereum, with the underlying assets held in cold storage custody with regulated custodians, including BitGo and Coinbase.
ETPs trade on regulated stock exchanges in the same way as shares or ETFs, allowing investors and advisers to incorporate crypto exposure into ISAs, SIPPs, GIAs, and model portfolios, subject to provider eligibility. Each product aims to provide daily liquidity on the stock exchange, with settlement handled through established investment infrastructure.
Bitwise offers a range of Bitcoin and Ethereum ETP strategies listed on the London Stock Exchange, with both GBP and USD trading lines. The broader product suite is available to professional investors across major European exchanges, including XETRA, SIX, and Euronext.
The underlying digital assets are held in cold-storage custody with digital asset custodians. The issuing vehicle is structured to be bankruptcy-remote, meaning that in the event of issuer insolvency, the underlying assets remain segregated from the issuer’s own assets. These safeguards are structural and operational in nature. Investors should note that cryptoassets are not protected by UK investor compensation schemes such as the FSCS or the FOS.

As seen in

ETP instead of crypto wallet – professionally issued, exchange-traded, and available on regulated markets.

For traditional investment portfolios, Bitwise ETPs are designed to provide:

  1. Exchange access – listed on leading exchanges (LSE, Cboe UK, Euronext, Xetra).
  2. Standard identifiers – ISINs and tickers available in standard dealing systems.
  3. Integrated custody – held alongside other listed securities within existing investment platforms and custodial arrangements.
PRODUCTS

LSE-listed Crypto ETPs

Explore Bitcoin Strategies

Bitwise Bitcoin ETPs offer exchange-traded access to Bitcoin’s market performance on recognised UK and European exchanges, with underlying assets held in cold-storage custody.

  • bitcoin logo BTC1 Bitwise Core Bitcoin ETP
    ISIN
    DE000A4AER62
    LSE-Ticker (GBP)
    BTC3
    LSE Tradion currencies
    GBP, USD
    Replication method
    Physical (100%)
  • bitcoin logo BTCE Bitwise Physical Bitcoin ETP
    ISIN
    DE000A27Z304
    LSE-Ticker (GBP)
    BTCE
    LSE Tradion currencies
    GBP, USD
    Replication method
    Physical (100%)
Explore Ethereum Strategies

Our Ethereum ETPs offer exchange-traded exposure to ETH’s market performance, with certain products incorporating staking-linked features.

  • ethereum logo ZETH Bitwise Physical Ethereum ETP
    ISIN
    DE000A3GMKD7
    LSE-Ticker (GBP)
    BETI
    LSE Tradion currencies
    GBP, USD
    Replication method
    Physical (100%)
  • et32 logo ET32 Bitwise Ethereum Staking ETP
    ISIN
    DE000A3G90G9
    LSE-Ticker (GBP)
    ET33
    LSE Tradion currencies
    GBP, USD
    Replication method
    Physical (100%)
ACCESS & CONTROL

How to allocate Bitwise crypto ETPs in client portfolios

Bitwise ETPs are listed securities available through selected UK investment platforms and stockbrokers, subject to each provider’s eligibility. Advisers may be able to include them within ISAs, SIPPs, GIAs, and other investment accounts once platform approval is confirmed.

Note: The list below provides examples only and is not exhaustive.
Steps to place an order
  1. Log in to your investment platform.
  2. Search by ISIN or Ticker for the chosen Bitwise ETP.
  3. Select trading venue (e.g., LSE).
  4. Enter allocation amount.
  5. Confirm and execute.
Note: Before placing an order, new investors will need to complete the standard regulatory checks required by their investment platform. This includes an appropriateness assessment, client categorisation, and a cooling-off period, where applicable.
If products are unavailable

Request access from your platform or custodian, providing the relevant ISINs.

Contact Bitwise’s UK adviser support at clients@bitwiseinvestments.com for assistance.

FAQ

FAQ – Frequently Asked Questions

A crypto ETP is a listed security that provides exposure to the price movements of a cryptoasset such as Bitcoin or Ethereum, without requiring direct ownership of the cryptocurrency.
  • Listed on recognised exchanges – traded like other listed securities.
  • Backed or referenced – typically secured by the underlying digital asset or designed to track its price.
  • Accessible through investment platforms – bought and sold via authorised brokers and platforms, subject to eligibility and regulation.
  • No blockchain wallets required – investors do not need to manage private keys or on-chain transactions.

Crypto ETPs are now available for UK retail investors following the lifting of the FCA’s restriction on 8 October 2025. HMRC has confirmed that eligible crypto ETPs can currently be held within a stocks and shares ISA or a SIPP, allowing investors to gain exposure to digital-asset price movements within tax-advantaged accounts.

From 6 April 2026, crypto ETPs will instead qualify for inclusion under the Innovative Finance ISA (IFISA) rather than the stocks and shares ISA. Investors who purchase crypto ETPs in a stocks and shares ISA before that date should confirm with their provider whether holdings can remain after the reclassification.

Availability continues to depend on each platform’s eligibility criteria and completion of standard onboarding steps, including appropriateness and categorisation assessments. Investors should consult their adviser, broker, or custodian before investing.

Crypto ETPs are treated as securities. Gains may be subject to Capital Gains Tax unless held in a tax-advantaged account such as an ISA or SIPP. Any income distributions are taxable. This does not constitute tax advice; investors should seek independent tax guidance.
ETPs admitted to trading on recognised UK exchanges are listed securities. The exchanges themselves are regulated markets, and issuers operate under relevant securities-law regimes. However, the underlying cryptoassets are not regulated by the FCA and are not protected by the Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS).
ETPs are complex instruments and may not be suitable for all investors. Key risks include:

Volatility risk: large and sudden price fluctuations.

Liquidity risk: limited market depth or trading volumes.

Custody risk: digital assets may be exposed to cyber or operational threats.

Regulatory risk: legal frameworks for cryptoassets continue to evolve.

Market risk: broader financial-market movements can affect prices.

Staking and protocol risks: validator errors, network upgrades, or reward changes may impact returns.

Investors can lose part or all of their capital. Please read the risk warnings available on this page. Full risk details are also available in the Final Terms and Base Prospectus of the respective product.
Yes. Product factsheets, KIDs, and due diligence materials are available on the website or on request via clients@bitwiseinvestments.com
No. Bitwise issues exchange-traded securities that can only be bought or sold on recognised exchanges through authorised brokers or investment platforms. Bitwise is not a broker or bank. In limited cases, delivery of underlying crypto-tokens to a personal wallet may be available.
ETPs, ETCs and ETNs are not funds in the way that ETFs are. They are designed to track the performance of a single asset, such as gold or Bitcoin, which cannot be structured as a fund. However, ETPs are managed in a similar way to ETFs and are subject to a comparable range of oversight and control mechanisms.
Each Bitwise ETP is fully collateralised by the underlying cryptocurrency held in cold storage with an independent custodian. A trustee oversees the structure to safeguard investor rights. The issuing vehicle is bankruptcy-remote, meaning the underlying assets remain segregated from the issuer’s own balance sheet.
No. Investors hold a listed security backed 1:1 by the underlying cryptocurrency. The digital assets are held in custody, while a trustee oversees investors’ claims. In certain cases, delivery of crypto-tokens to a personal wallet may be available.
ADVISER SUPPORT  

Direct. Informed. Professional.

Bitwise provides dedicated support for financial advisers and wealth managers. Our specialists bring significant collective experience across digital asset research, product structuring, and market operations, and can assist with product education, portfolio integration, and platform due diligence.

Please complete the contact form or email us at clients@bitwiseinvestments.com to request a call with a Bitwise representative.

Why Bitwise

Why financial professionals choose Bitwise

  • Track
    record
    Our team, experienced in digital assets and ETFs, has been immersed in crypto markets since 2017, with insights driven by extensive research and analysis.
  • Built for professional and retail investors Our crypto ETPs, listed on the London Stock Exchange, are designed to institutional standards and available to both professional and retail investors through participating brokers and investment platforms.
  • Research
    & Support
    Bitwise supports advisers and wealth managers with dedicated research and education.

Risk Warnings

Estimated Reading Time: 2 min

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

What are the key risks?

  1. You could lose all the money you invest
    • The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoasset exchange traded notes.
    • The cryptoasset market is largely unregulated. There is a risk of losing money due to risks such as cyber-attacks, financial crime and firm failure.
  2. You should not expect to be protected if something goes wrong
    • The Financial Services Compensation Scheme (FSCS) doesn’t protect this type of investment because it’s not a type of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker here.
    • Protecion from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
  3. Cryptoasset investments can be complex
    • Investments in cryptoasset-linked products can be complex, making it difficult to understand the risks associated with the investment.
    • You should do your own research before investing. If something sounds too good to be true, it probably is.
  4. Don’t put all your eggs in one basket
    • Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
    • A good rule of thumb is not to invest more than 10% of your money in high-risk investments. Learn more here.

If you are interested in learning more about how to protect yourself, visit the FCA’s website here.

For further information about cryptoassets, visit the FCA’s website here.

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Welcome to Bitwise
Important Information – Please Read Before Proceeding

This website is operated by Bitwise Europe GmbH (“Bitwise”, “we”, “us”). The information on this website is intended for UK retail clients and other visitors in the United Kingdom. If you are not in the UK, local laws and rules may differ and the materials here may not be appropriate for you.

All content is provided for general information only. It does not constitute investment advice, tax or legal advice, an offer, or a solicitation to buy or sell any investment and must not be relied upon to make an investment decision. You should consider whether an investment is suitable for your circumstances and, where appropriate, seek independent professional advice.

Cryptoassets and crypto-linked products are high-risk. The FCA categorises retail crypto promotions as Restricted Mass Market Investments (RMMI). As such, additional prominence, risk-warning and risk-summary requirements apply to retail communications. You could lose all the money you invest.

Investments in cryptoassets or many crypto-linked products are generally not covered by the UK Financial Services Compensation Scheme (FSCS) or the Financial Ombudsman Service (FOS). You should not expect to be protected if something goes wrong.

Access to certain pages, features, or transactions may be subject to client categorisation and appropriateness assessments required by FCA rules. We may ask you to complete checks or declarations before you can proceed.

Where this website contains a retail financial promotion for crypto or other RMMIs, you will see the FCA-prescribed risk warning and a link (“Take 2 mins to learn more”) to the FCA risk summary presented in a pop-up or dedicated page. For convenience, you can access that summary here at any time.

Where performance is shown, past performance is not a reliable indicator of future results. Any projections, targets, or forward-looking statements are inherently uncertain and may not be realised. Fees and expenses reduce returns.

Returns may be reduced by fees, charges, spreads, and taxes. Tax treatment depends on individual circumstances and may change. Seek professional advice if unsure.

Where a prospectus (including any base or supplemental prospectus) or KID/PRIIPs KIID or equivalent is provided, it is regulatory disclosure, not marketing. Those documents are generally outside the UK financial-promotion restriction.

In line with FCA rules for high-risk investments, we do not offer incentives to invest (e.g., refer-a-friend bonuses, monetary/non-monetary perks) in relation to retail crypto promotions.

External links are provided for convenience only. We do not control and are not responsible for third-party websites or their content. We take reasonable care to ensure accuracy but do not guarantee completeness, timeliness, or availability of the website or its contents; information may change without notice.

Our products or services may not be available in all jurisdictions or to all investors. Access may be restricted by law. You are responsible for understanding and complying with applicable laws and regulations.

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This financial promotion has been approved by Gateway 21 on 17/10/2025