BlackRock to Launch Bitcoin ETP in Europe, Following US Success
- BlackRock plans to launch its first Bitcoin ETP in Europe, based in Switzerland.
- Analysts predict fierce competition among European crypto ETP providers.
- Bitcoin trade volumes in euros crossed €50 billion in 2024, signaling robust demand.
BlackRock, the world’s largest asset manager, plans to introduce its first Bitcoin ETP in Europe, according to Bloomberg. The ETP will be supported by MiCA regulations in Europe. This strategic move highlights the growing institutional interest in digital assets.
BlackRock’s European Bitcoin ETP: Coming Soon?
With over $10 trillion in assets, BlackRock might debut the Switzerland-based fund as early as this month. While there hasn’t been any official confirmation from the AUM, market observers point to the success of its U.S.-listed iShares Bitcoin ETF (IBIT) as a motivating factor. IBIT amassed nearly $60 billion in assets within a year of launch.
BlackRock’s European entry is part of a broader trend where asset managers, including Kraken and Bitstamp, are launching crypto-backed securities across the region. Europe has long embraced crypto investment products, launching its first regulated Bitcoin-backed ETP in…
The post BlackRock to Launch Bitcoin ETP in Europe, Following US Success appeared first on Coin Edition.
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BlackRock to Launch Bitcoin ETP in Europe, Following US Success
- BlackRock plans to launch its first Bitcoin ETP in Europe, based in Switzerland.
- Analysts predict fierce competition among European crypto ETP providers.
- Bitcoin trade volumes in euros crossed €50 billion in 2024, signaling robust demand.
BlackRock, the world’s largest asset manager, plans to introduce its first Bitcoin ETP in Europe, according to Bloomberg. The ETP will be supported by MiCA regulations in Europe. This strategic move highlights the growing institutional interest in digital assets.
BlackRock’s European Bitcoin ETP: Coming Soon?
With over $10 trillion in assets, BlackRock might debut the Switzerland-based fund as early as this month. While there hasn’t been any official confirmation from the AUM, market observers point to the success of its U.S.-listed iShares Bitcoin ETF (IBIT) as a motivating factor. IBIT amassed nearly $60 billion in assets within a year of launch.
BlackRock’s European entry is part of a broader trend where asset managers, including Kraken and Bitstamp, are launching crypto-backed securities across the region. Europe has long embraced crypto investment products, launching its first regulated Bitcoin-backed ETP in…
The post BlackRock to Launch Bitcoin ETP in Europe, Following US Success appeared first on Coin Edition.
Read More