Canaccord Adds Bitwise Crypto ETPs With 5% Wealth Portfolio Cap

Canaccord Wealth UK has partnered with Bitwise to offer Bitcoin and Ethereum exchange-traded products (ETPs) to selected high-net-worth clients, integrating crypto exposure into managed portfolios with a strict 5% allocation cap. The move brings Bitwise ETPs into a traditional wealth channel (Canaccord manages about $70 billion), enabling advisers to add controlled BTC and ETH exposure without direct token custody. Market impact is adoption-focused rather than immediate price-driving: it broadens institutional/wealth distribution for BTC and ETH, but the capped, selective rollout limits potential near-term inflows and volatility risk to client books.