Bitwise Asset Management has announced the acquisition of ETC Group, a London-based crypto ETP issuer with over US$1 billion in assets under management. The news marks Bitwise’s expansion into Europe and adds nine European-listed crypto ETPs to Bitwise’s broad suite of ETPs, hedge fund solutions, and separately managed accounts.

Latham & Watkins LLP represents Bitwise Asset Management in the acquisition with a corporate team led by Bay Area partners Saad Khanani and Ben Potter, with associates Leah Adeniran, Alayna Kenney, and AJ Yoxsimer. Advice was also provided on financial regulatory matters by London partner Stuart Davis and Frankfurt partner Axel Schiemann with counsel Frank Bierwirth and associate Emma Tran; on tax matters by London partner Aoife McCabe, with associate Nicole Lim; on antitrust matters by London partner Jonathan Parker, with associate James Mathieson; on compensation and benefits matters by London partner Kendall Burnett, with associate Anna Cloke; on intellectual property and data privacy matters by London partner Fiona Maclean, with associates Irina Vasile, Oscar Bjartell, and Edgar Lee; and on anti-bribery and corruption and sanctions matters by associates Annie Birch and Thomas Lane.