Bitwise has added seven crypto ETPs to Nasdaq Stockholm, giving Nordic investors SEK-denominated, ISK-eligible access to major tokens through regulated, custody-backed wrappers. The range combines pure single-asset exposure with staking-enabled structures and two diversified index-style products, positioning it as a menu for both tactical and long-term allocations.
The company is leaning hard on product hygiene. All seven ETPs are described as 100% physically backed, held in institutional cold storage, and subject to weekly independent audits, which is meant to address the two recurring institutional pain points: custody assurance and transparent verification.
Product lineup and positioning
The suite spans low-cost Bitcoin exposure, higher-fee flagship options, and staking-linked vehicles. BTC1 is positioned as a cost-efficient Bitcoin benchmark product with a 0.05% TER, while BTCE is presented as a flagship physically backed Bitcoin ETP with a 2.00% TER. On Ethereum, the range splits between a plain-vanilla wrapper and a yield-embedded structure: ET32 pairs ETH price exposure with daily accrual of realized staking rewards at a 0.65% TER, and ZETH offers physical Ethereum exposure with a 1.49% TER.
Solana gets the same staking treatment. BSOL is designed to track SOL while accumulating staking rewards inside the ETP, with a stated 0.85% TER. For investors who want breadth, DA20 tracks the MSCI Global Digital Assets Select Top 20 Capped Index and is described as covering around 90% of market cap among the largest tokens, also at 0.85% TER. And for a cross-asset hedge profile, BTCG follows a Bitcoin-and-physical-gold blend via the Diaman Bitcoin & Gold Index, with the fee not stated in the release.
Regulatory wrapper, custody, and go-to-market
Structurally, the products sit on a well-trodden regulatory base. They are domiciled in Germany under a base prospectus approved by BaFin and, where applicable, under a prospectus approved by the UK FCA. Bitwise also emphasizes that the underlying assets are stored offline with regulated custodians and verified weekly via independent checks, aiming to meet institutional expectations for operational resilience and auditability.
Commercially, Bitwise is putting local resources behind the expansion. Marco Poblete and Andre Havas were named as Regional Directors to lead the Nordic rollout, building on earlier listings on the London Stock Exchange and SIX Swiss Exchange. Management messaging is clear too: Bradley Duke called the Nordics “one of Europe’s most sophisticated and crypto-forward investment markets,” framing the Stockholm listing as a local-currency, transparency-first delivery strategy.
Why the Nordic angle matters
The practical differentiator here is distribution fit. SEK denomination and ISK eligibility can materially influence retail and tax-sensitive allocations, which is often the difference between “available” and “adopted.” For portfolio managers, the lineup creates a clean toolkit: ultra-low-cost Bitcoin beta, staking-linked ETH/SOL exposure for yield-aware positioning, and diversified index products for sector rotation or risk-balanced sleeves—all inside a regulated ETP wrapper.
