- 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.
Canaccord Adds Controlled Crypto ETP Access
Through the deal, Canaccord becomes one of the first major UK wealth managers to add managed crypto exposure for affluent investors. This service targets high-net-worth clients, not the wider retail market.
The wealth manager oversees about $70 billion in assets, according to the provided details. A 5% allocation cap means Bitcoin and Ethereum would remain a limited part of client portfolios.
Under the partnership, Bitwise would provide ETP-based exposure to both assets. Such products allow clients to access crypto through a familiar investment structure rather than direct token ownership.
This approach keeps the rollout controlled. It also gives advisers a way to include digital assets without making crypto a dominant position in the portfolio.
Bitwise’s products are being used in an exchange-traded product wrapper. That structure could support crypto exposure within traditional investment channels used by wealth managers and professional advisers.
The agreement gives selected Canaccord clients another route to access crypto products. Canaccord is using a capped allocation model. Bitwise expands its reach across the UK and Channel Islands wealth market.
Bitwise Expands UK Wealth Market Reach
Allocation limits remain central to the strategy. The 5% ceiling reduces the risk of heavy exposure to volatile crypto markets and keeps Bitcoin and Ethereum inside a broader portfolio plan.
For clients, the main change is access to managed crypto products. Advisers could decide how much exposure fits within each portfolio, subject to the stated limit.
Duke described the partnership as part of a tailored European approach for Bitwise products. The collaboration adapts digital asset exposure for clients who already use traditional wealth management services.
No broad shift into crypto was announced by Canaccord. Instead, the firm is adding a limited investment option for eligible clients seeking exposure to Bitcoin and Ethereum through ETPs.
The immediate impact would depend on client demand and adviser decisions. Still, the partnership gives Canaccord and Bitwise a clearer role as crypto products move further into wealth management portfolios.
Related: Last-Minute Senate Deal Revives Crypto Clarity Bill
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