- Canaccord adds Bitcoin and Ethereum ETP access via Bitwise for wealthy UK customers.
- A 5% cryptocurrency exposure cap limits allocations only within managed client portfolios.
- Bitwise captures the 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 cryptocurrency exposure to 5% of customer portfolios, keeping the allocation within a managed asset structure.
Bradley Duke, head of Europe at Bitwise, revealed the partnership in an X post. He said the deal will give Canaccord’s selected customers access to crypto products linked to the two largest digital assets.
Canaccord adds controlled crypto ETP access
The deal makes Canaccord one of the first major UK wealth managers to add managed crypto exposure for wealthy investors. The service is targeted at high-net-worth customers rather than the broader retail market.
The asset management company manages approximately $70 billion in assets, according to details provided. The 5% allocation cap means Bitcoin and Ethereum remain a limited part of customer portfolios.
Under this partnership, Bitwise will offer ETP-based exposure to both assets. Such products allow clients to access cryptocurrencies through familiar investment structures, rather than owning tokens directly.
This approach maintains control over your rollout. Advisors also offer a way to include digital assets without giving them a dominant position in the portfolio.
Bitwise’s products are used in exchange-traded product wrappers. This structure has the potential to support cryptocurrency exposure within traditional investment channels used by wealth managers and professional advisors.
This agreement gives some Canaccord clients another route to access encryption products. Canaccord uses a capped allocation model. Bitwise is expanding its reach across the UK and Channel Islands wealth markets.
Bitwise expands reach into UK affluent market
Quota limits remain at the heart of your strategy. The 5% cap reduces the risk of large exposures to volatile crypto markets and keeps Bitcoin and Ethereum within a broader portfolio plan.
The main change for clients is access to managed encryption products. The advisor can determine how much exposure can fit within each portfolio, subject to prescribed limits.
Duke explained that the partnership is part of a tailored European approach for Bitwise products. The partnership will adapt digital asset exposure for customers already using traditional wealth management services.
Canaccord did not announce a widespread transition to cryptocurrencies. Instead, the company is adding limited investment options for eligible customers seeking exposure to Bitcoin and Ethereum through ETPs.
The direct impact will depend on client demand and advisor decisions. Still, the partnership will give Canaccord and Bitwise a more defined role as crypto products move further into asset management portfolios.
