Canton Network ETP Goes Live, but CC Extends 24H Decline

Bitwise has launched the Bitwise Canton ETP (BWCC) on the Deutsche Börse Xetra, providing European investors with regulated exposure to the Canton Network's native token, CC. The product is fully backed by CC tokens held in cold storage and carries an annual expense ratio of 0.85%. This launch follows the recent introduction of the TCAN ETF by 21Shares in the United States, signaling increasing institutional interest in the permissioned, privacy-focused blockchain. The Canton Network, developed by Digital Asset, is designed for global financial markets and counts major institutions like Goldman Sachs, BNP Paribas, and Deutsche Börse among its participants. Despite the expansion of these investment vehicles, the CC token experienced a 3.1% decline over 24 hours, trading at approximately $0.1606. The token maintains a significant market capitalization exceeding $6.2 billion despite this short-term price volatility. The ETP tracks the Kaiko CANTO Reference Rate LDNLF index and allows investors to gain exposure through traditional brokerage accounts without requiring a crypto wallet.

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