ETC Group hires co-CEO from BCS Prime Brokerage to lead company governance following rapid growth

[London, UK 25th October 2021] – ETC Group ( etc-group.com), Europe’s leading specialist provider of institutional-grade crypto-backed securities, has hired ETF expert and former Advisory Board Member Tim Bevan as co-CEO midst business acceleration.

Bevan brings extensive management experience from his position as CEO at BCS Prime Brokerage Ltd., an emerging markets specialist. His expertise includes deep knowledge of markets infrastructure and prime brokerage, including significant experience managing the ETP segment at the London Stock Exchange, during the introduction of Europe's first Exchange Traded Commodities backed by precious metals.

“I’m delighted to take an executive role with ETC Group at this exciting time, where in just over a year they’ve already achieved global success attracting nearly $2 billion investment into their world leading crypto ETPs,” commented Bevan. “My role will be to help ETC Group scale up as we expand further into new territories, on new exchanges, and with new digital assets.”

Earlier this month ETC Group announced that its total assets under management in its portfolio of Crypto ETPs had passed US$1.5 billion for the first time. As well as listing its ETPs on multiple European exchanges, including XETRA, Six and Euronext, ETC Group was the first company to list a Bitcoin ETP in the UK, on the Aquis exchange in June this year.

“At ETC Group, we have achieved astonishing success thanks to the hard work of the incredible team we have put together. As we grow, it becomes important to add selectively to the team. Tim’s expertise in governance and trading will play a key part in our rapid expansion over the coming months especially given the ambitious nature of our plans”, commented Bradley Duke, co-Founder and co-CEO of ETC Group. “We’ve already benefited from his experience as a co-founder and in his role as a non-exec to the company, and am delighted to welcome him to this permanent role to help us drive further main-stream adoption of crypto ETPs”

Important information:

This article does not constitute investment advice, nor does it constitute an offer or solicitation to buy financial products. This article is for general informational purposes only, and there is no explicit or implicit assurance or guarantee regarding the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. It is advised not to rely on the fairness, accuracy, completeness, or correctness of this article or the opinions contained therein. Please note that this article is neither investment advice nor an offer or solicitation to acquire financial products or cryptocurrencies.

Before investing in crypto ETPs, potentional investors should consider the following:

Potential investors should seek independent advice and consider relevant information contained in the base prospectus and the final terms for the ETPs, especially the risk factors mentioned therein. The invested capital is at risk, and losses up to the amount invested are possible. The product is subject to inherent counterparty risk with respect to the issuer of the ETPs and may incur losses up to a total loss if the issuer fails to fulfill its contractual obligations. The legal structure of ETPs is equivalent to that of a debt security. ETPs are treated like other securities.

About Bitwise

Bitwise is one of the world’s leading crypto specialist asset managers. Thousands of financial advisors, family offices, and institutional investors across the globe have partnered with us to understand and access the opportunities in crypto. Since 2017, Bitwise has established a track record of excellence managing a broad suite of index and active solutions across ETPs, separately managed accounts, private funds, and hedge fund strategies—spanning both the U.S. and Europe.

In Europe, for the past four years Bitwise (previously ETC Group) has developed an extensive and innovative suite of crypto ETPs, including Europe’s largest and most liquid bitcoin ETP.

This family of crypto ETPs is domiciled in Germany and approved by BaFin. We exclusively partner with reputable entities from the traditional financial industry, ensuring that 100% of the assets are securely stored offline (cold storage) through regulated custodians.

Our European products comprise a collection of carefully designed financial instruments that seamlessly integrate into any professional portfolio, providing comprehensive exposure to crypto as an asset class. Access is straightforward via major European stock exchanges, with primary listings on Xetra, the most liquid exchange for ETF trading in Europe.

Retail investors benefit from easy access through numerous DIY/online brokers, coupled with our robust and secure physical ETP structure, which includes a redemption feature.

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