Bitwise Launches Canton ETP on Xetra Amid Rangebound Token

Asset manager Bitwise has launched a Canton ETP (Exchange-traded product) that offers exposure to the Canton [CC] chain. The chain scored massive mindshare after its debut thanks to its privacy feature that ensures sensitive transaction details remain private. High-profile Wall Street backers, including Goldman Sachs, DTCC, BNY Mellon, Nasdaq, Deutsche Börse, and others, also fueled the hype around the network. Its native token rallied by over 500% after launch, maintaining the gains in the weeks after despite recent sideways structure. Now, Bitwise wants to offer investors seeking exposure to the token in a more friendly way via ETP.

The product will be offered on Xetra, the online trading platform of Germany-based Deutsche Börse. The chain is known for its privacy focus and as a hub for the trading of financial assets for institutions. Bitwise's Managing Director Bradley Duke further positioned Canton as a dominant player in tokenization. As tokenisation of financial assets continues to gather momentum, Canton's infrastructure positions it as a meaningful player in digital financial markets.

The product, Bitwise Canton ETP [BWCC], has a 0.85% annual management fee and will target investors in Europe. However, this isn't the first Canton ETP. In the broader European area, 21Shares has a rival product (CANTN). In mid-May, the asset manager launched a similar product – The 21Shares Canton Network [TCAN] ETF. It was the first of its kind in the U.S, with Andres Valencia, EVP of investment management at 21Shares, billing it as an institutional chain. When you see names like Nasdaq, Moody's, and Deloitte supporting a common blockchain infrastructure, you are looking at infrastructure that has the potential to reshape how data and capital move across global markets.

The chain has recently scored several partnerships, including SG-FORGE. Even so, its network activity has stalled lately. The network activity has tapered off since late April, while slumping in May. This, despite the momentum surging late last year and continuing in early 2026. Q2's stagnation has kept the Canton token, CC, rangebound between $0.17-$0.14. It remains to be seen whether the ETF hype and flows will boost CC's breakout odds from its press time range.