BlackRock, the world’s largest asset manager with over $10 trillion in assets under management, is planning to launch a Bitcoin exchange-traded product (ETP) in Europe. According to a Bloomberg report, the fund will be based in Switzerland, and BlackRock could begin marketing it as early as this month.
This move marks BlackRock’s first crypto-linked ETP outside of the United States, where its iShares Bitcoin ETF (IBIT) has been a resounding success, amassing nearly $60 billion in assets in just over a year since its inception. The entry of BlackRock into the European crypto ETP market is expected to intensify competition among providers, potentially leading to fee waivers and improved product offerings for investors.
The launch of a BlackRock Bitcoin ETP in Europe could have significant implications for the cryptocurrency market. As a major institutional player, BlackRock’s endorsement of Bitcoin through an ETP offering may boost investor confidence and drive further mainstream adoption of cryptocurrencies. Additionally, the increased competition among ETP providers could lead to lower fees and more accessible investment options for retail and institutional investors alike.
While details regarding the fee structure of BlackRock’s European Bitcoin ETP remain unknown, it will play a crucial role in determining the product’s performance and competitiveness in the market. As the cryptocurrency space continues to evolve and mature, the entry of established financial giants like BlackRock is a testament to the growing legitimacy and acceptance of digital assets in the traditional investment landscape.
Tags: BlackRock, Bitcoin ETP, Europe, Crypto Investment, Institutional Adoption
Source: https://www.coindesk.com/business/2025/02/05/blackrock-plans-to-launch-a-bitcoin-etp-in-europe-bloomberg