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Bitwise Buys Firm Called “ETC” Because Clearly They Want to Confiscate All Your Euros Now

Crypto NewsFeaturedRegulation/Negotiation 2 Linda Williams August 20, 2024

An illustration of a large, imposing European castle with high walls and towers. The gates are open wide to reveal Bitwise's logo prominently displayed above the entrance. In front of the gate stands Hunter Horsley holding an ETC Group briefcase while walking towards the camera amidst nine smaller flags representing each crypto asset under management waving in the wind behind him, as a flock of birds fly away from the castle into the distance with coins and euros falling out of their beaks.

So Bitwise is expanding into Europe, because clearly their business model hinges on them being able to scam gullible Europeans out of billions just like they’re doing with Americans. And what better way to do that than by buying up a firm called ETC Group? Sounds legit.

Source: cointelegraph

Bitwise enters European market with acquisition of ETC Group
https://cointelegraph.com/news/bitwise-enters-european-market-acquisition-etc-group
San Francisco-based asset manager Bitwise has entered the European markets with the acquisition of crypto investment firm ETC Group. The financial details of the deal were not disclosed by the companies. According to an Aug. 19 announcement, the London-based firm ETC Group has over $1 billion in assets under management (AUM) with a portfolio of products that includes a physical range of crypto exchange-traded products (ETPs), including Bitcoin ETP (BTCE), […]

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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