Nov 12 (Reuters) -

Cryptocurrency data provider Kaiko said on Tuesday it is

acquiring European crypto index provider Vinter in a bet on

growth in the European digital asset market.

The deal comes as some analysts expect significant growth in

the European crypto ETP market, which remains significantly

smaller than the U.S.

"It's a clear bet on the European ETP market...," said

Ambre Soubiran, CEO of Kaiko.

Vinter, which supplies digital asset indices and

reference rates for several Europe-listed ETPs, including those

from 21Shares and Sygnum Bank, marks Kaiko's third acquisition

to date.

Digital asset investment products listed in Germany, Sweden

and Switzerland collectively manage approximately $13.64

billion in assets, according to data from CoinShares. In

contrast, U.S. products have an AUM of about $88.78 billion.

Kaiko plans to expand its product offerings to provide

independent data for asset managers, derivatives traders, and

exchanges following the acquisition.

The cash and equity deal values Kaiko at $200 million

post-acquisition, though the company did not disclose the Vinter

deal value.

The acquisition follows recent industry moves, including

Bitwise Asset Management's

purchase of European crypto ETP issuer ETC Group in August,

and trading platform Robinhood Markets' ( HOOD ) agreement to

acquire European exchange

Bitstamp

for $200 million in June.

The cryptocurrency market has surged on expectations that

digital currencies will boom in a favorable regulatory

environment following the election of Donald Trump as U.S.

president and of pro-crypto candidates to Congress, with bitcoin

nearing the $90,000 mark.

"Trump's victory is seen as a very good sign for crypto,"

Soubiran said, adding Kaiko also plans to also target the

American crypto market "more aggressively."