Bitwise Physical Ethereum ETP

Bitwise Physical Ethereum ETP is a physically backed exchange-traded product (ETP) that provides investors with direct exposure to the price performance of Ethereum (ETH), the second-largest cryptocurrency by market capitalization. Issued by Bitwise Europe GmbH and domiciled in Germany, it holds 100% physical Ethereum in institutional-grade cold storage custody, secured by providers like Zodia Custody and BitGo Trust Company, featuring multi-signature security and up to $250 million in insurance against theft or hacks. With a total expense ratio (TER) of 1.49% p.a., the open-ended debt security offers physical creation and redemption, weekly proof of holdings, and transparency through independent administration. Tradable like a stock on major European exchanges without needing a crypto wallet, it benchmarks against Ethereum indices and mitigates issuer risk via an independent trustee. Launched in early 2021, Bitwise Physical Ethereum ETP plays a key role in the growing digital assets market, enabling regulated access to ETH for traditional investors amid evolving regulatory frameworks.