BlackRock Introduces Bitcoin ETP in Europe amid Rising Demand for Cryptocurrencies

Key Takeaways:


  • Supported by Bitcoin kept in cold storage, BlackRock introduces its iShares Bitcoin ETP (IB1T) into Europe.

  • With a TER of 0.15%, the ETP appears on Deutsche Börse, Euronext Paris, and Euronext Amsterdam; by year-end, it rises to 0.25%.

  • This action reflects BlackRock’s U.S. spot Bitcoin ETF’s success, with $50.7 billion in AUM.

  • With the release of its iShares Bitcoin ETP (IB1T), BlackRock, the biggest asset manager in the world, has declared their much awaited arrival into Europe’s cryptocurrency exchange-traded product (ETP) market. 


    BlackRock’s Strategic European Entrance


    BlackRock’s choice to extend its crypto ETP product to Europe is grounded in significant facts. According to a recent study done in association with Focal Data, 75% of professional investors would be interested in a Bitcoin ETP during the next two years. Because of t ..

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