BlackRock to Launch a Bitcoin ETP in Europe
BlackRock is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, Bloomberg reported on February 5. The move comes after its US spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), garnered $57 billion in net assets following its January 2024 launch, making it the most popular spot Bitcoin ETF in the US. Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange The European Bitcoin ETP will be based in Switzerland and BlackRock plans to start marketing it this month, according to sources familiar with the matter. Subscribe to our Telegram channel to get weekly short digests about events that shape the crypto world BlackRock is one of the largest issuers of ETFs, with $4.4 trillion in assets under management through its ETPs. This would be its first Bitcoin ETP outside North America.