Bitwise Launches Five Crypto ETPs on SIX Swiss Exchange
Bitwise has launched five new crypto ETPs on the SIX Swiss Exchange. The Bitwise Crypto ETPs include a Bitcoin ETP (BTC1), Solana staking ETP (BSOL), Ethereum staking ETP (ET32), a physical XRP ETP (GXRP) and the DA20 index ETP. These crypto ETPs are fully collateralized with cold-storage reserves and redeemable through a physical mechanism. Traders gain direct crypto exposure via brokerage accounts, no wallet needed. This expansion follows Bitwise exceeding $15 billion in assets under management. It underlines Switzerland’s role in digital asset adoption and expands regulated crypto index funds.
Bullish
The launch of new crypto ETPs by Bitwise is bullish for the underlying assets. In the short term, traders may see increased demand for BTC, ETH, SOL and XRP as investors gain easier market access through regulated products. Long term, regulated crypto ETPs help institutional adoption and capital inflows, supporting price stability and growth. Historical data shows that listings on major exchanges boost trading volumes and positive sentiment. This expansion into Europe underscores institutional confidence and is likely to drive sustained demand for the linked cryptocurrencies.