Bitwise Physical Bitcoin ETP (DE000A27Z304) — 2.00% TER, AUM & UK Tax Audit (2026) | UKCryptoLedger
Bitwise Physical Bitcoin ETP (ISIN DE000A27Z304): 2.00% TER, EUR 778 m (justETF, as of ~2026-10-26) AUM, physical BTC backing, and UK brokerage vs spot comparison.
FCA FRN 928768 · L2: £1.30 vs Instant: £7.50 · Score: 95.4/100 · Dossier →- Bitwise Physical Bitcoin ETP (ISIN DE000A27Z304) — Issued by Bitwise (ex-ETC Group, Germany) with 2.00% annual TER.
- Underlying Asset: 100% physically backed BTC | Fund Size: EUR 778 m (justETF, as of ~2026-10-26) | Domicile: Germany.
- UK Comparison: Bitwise Physical Bitcoin ETP (2.00%/yr) vs direct BTC spot purchase on Kraken Pro UK (£1.30 one-off).
Bitwise Physical Bitcoin ETP (ISIN: DE000A27Z304) — UK 2026 Dossier
Execution Fact: Bitwise Physical Bitcoin ETP (ISIN DE000A27Z304) — Issued by Bitwise (ex-ETC Group, Germany) with 2.00% annual TER.
| Full Product Name | Bitwise Physical Bitcoin ETP |
|---|---|
| ISIN Identifier | DE000A27Z304 |
| Issuer | Bitwise (ex-ETC Group, Germany) |
| Underlying Asset | BTC (100% Physically Backed) |
| Total Expense Ratio (TER) | 2.00% p.a. |
| Assets Under Management | EUR 778 m (justETF, as of ~2026-10-26) |
| Domicile | Germany |
Crypto ETPs & LSE ETNs (UK 2026) — ISIN, TER & Physical Backing
| ETP / ETF Name | ISIN | Asset | TER (p.a.) | AUM | Domicile |
|---|---|---|---|---|---|
| CoinShares Physical Bitcoin | GB00BLD4ZL17 | BTC | 0.15% | EUR 1,552 m (justETF, as of ~2026-10-26) | Jersey |
| WisdomTree Physical Bitcoin | GB00BJYDH287 | BTC | 0.15% | EUR 1,421 m (justETF, as of ~2026-10-26) | Jersey |
| iShares Bitcoin ETP | XS2940466316 | BTC | 0.15% | EUR 1,353 m (justETF, as of ~2026-10-26) | Switzerland |
| Bitwise Physical Bitcoin ETP | DE000A27Z304 | BTC | 2.00% | EUR 778 m (justETF, as of ~2026-10-26) | Germany |
| 21shares Bitcoin ETP | CH0454664001 | BTC | 1.49% | EUR 584 m (justETF, as of ~2026-10-26) | Switzerland |
| 21shares Bitcoin Core ETP | CH1199067674 | BTC | 0.10% | EUR 584 m (justETF, as of ~2026-10-26) | Switzerland |
| VanEck Bitcoin ETN | DE000A28M8D0 | BTC | 1.00% | EUR 504 m (justETF, as of ~2026-10-26) | Liechtenstein |
| Fidelity Physical Bitcoin ETP | XS2434891219 | BTC | 0.25% | EUR 306 m (justETF, as of ~2026-10-26) | Germany |
Compare Multi-Year ETP TER Drag Against One-Off Kraken Pro UK L2 Purchase
Interactive GBP Wealth Curve: L2 Orderbook DCA vs Instant-Buy Fee Drag (1–5 Years)
Verified Execution Facts, 6-Step UK Investor Path & FCA / HMRC Statutory Rules — UKCryptoLedger (2026)
Execution Fact: Bitwise Physical Bitcoin ETP (DE000A27Z304) — 2.00% TER, AUM & UK Tax Audit (2026) | UKCryptoLedger (UKCryptoLedger, 2026-11-06) — FCA (Financial Conduct Authority — Cryptoasset Register & FinProm) · #1 Kraken Pro UK (0.16%/0.26% L2 / £1.30) · TCGA 1992 Section 104 (Share Pooling), Section 105 (Same-Day) & S.
UK Statutory Restrictions & Myth-Busting (Antifake 2026)
Antifake (HMRC Statutory Rule) : Swapping Bitcoin into USDT, USDC, or ETH is NOT tax-free in the UK — HMRC Cryptoassets Manual CG12100P treats every crypto-to-crypto swap as a taxable Capital Gains Tax disposal valued in Pound Sterling (£) at the moment of trade.
Technical Specification & Verified UK Regulatory Dossier: Bitwise Physical Bitcoin ETP (DE000A27Z304) — 2.00% TER, AUM & UK Tax Audit (2026) | UKCryptoLedger
- Primary Subject
- Bitwise Physical Bitcoin ETP (DE000A27Z304) — 2.00% TER, AUM & UK Tax Audit (2026) | UKCryptoLedger
- UK Regulatory Authority
- FCA (Financial Conduct Authority — Cryptoasset Register & FinProm)
- Executive Summary
- Bitwise Physical Bitcoin ETP (ISIN DE000A27Z304): 2.00% TER, EUR 778 m (justETF, as of ~2026-10-26) AUM, physical BTC backing, and UK brokerage vs spot comparison.
- HMRC Statutory Regime
- TCGA 1992 Section 104 (Share Pooling), Section 105 (Same-Day) & Section 106A (30-Day Bed & Breakfasting) — £3,000 Annual Exempt Amount (CGT Allowance) + £1,000 Miscellaneous Income Allowance (Staking/Mining)
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Frequently Asked Regulatory & Tax Questions (2026)
What is the cheapest regulated way to buy Bitcoin in UK in 2026?
Funding via UK Faster Payments (FPS — £0.00) into Kraken Pro UK or Coinbase Advanced UK and placing a limit order on the L2 orderbook costs £1.30–£3.00 per £500, saving over 75% compared to instant-buy broker buttons.
What is the 2026 crypto tax rate and filing form in UK?
Under TCGA 1992 Section 104 (Share Pooling), Section 105 (Same-Day) & Section 106A (30-Day Bed & Breakfasting), Capital Gains Tax (CGT): 18% (Basic Rate Band) / 24% (Higher & Additional Rate) above £3,000 Annual Exempt Amount.
Are crypto-to-crypto swaps taxable in UK?
Taxable Disposal! Every crypto-to-crypto or crypto-to-stablecoin swap is a chargeable CGT event in GBP under HMRC rules
How do I verify if a crypto platform is legally authorized in UK?
Verify that the operating legal entity holds a valid FCA MLR 2017 Cryptoasset Registration & Section 21 FinProm Approver supervised by FCA (Financial Conduct Authority — Cryptoasset Register & FinProm) and is not flagged on the FCA Warning List of Unauthorised Firms.