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Canaccord Adds Bitwise Crypto ETPs With 5% Wealth Portfolio Cap

Canaccord Adds Bitwise Crypto ETPs With 5% Wealth Portfolio Cap

  • Canaccord adds Bitcoin and Ethereum ETP access through Bitwise for wealthy UK clients.
  • A 5% crypto exposure cap keeps allocations limited inside managed client portfolios only.
  • Bitwise gains a UK wealth channel as crypto ETPs enter traditional managed portfolios.

Canaccord Wealth UK has partnered with Bitwise Asset Management to offer Bitcoin and Ethereum exchange-traded products to high-net-worth clients. The new service limits crypto exposure to 5% of client portfolios and keeps allocations inside a managed wealth structure.

Bradley Duke, Bitwise’s Head of Europe, disclosed the partnership in an X post. He said the arrangement gives selected Canaccord clients access to crypto products linked to the two largest digital assets.

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