BlackRock's Bitcoin ETP Set to Conquer Europe

Coin WorldWednesday, Feb 5, 2025 4:01 pm ET
1min read
BTC
--
PMMF
--

BlackRock Set to Launch Bitcoin ETP in Europe

BlackRock, the world's largest asset manager, is poised to launch a Bitcoin (BTC) exchange-traded product (ETP) in Europe, according to a recent report. The move comes after the overwhelming success of BlackRock's U.S. spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), which has amassed over $57 billion in net assets since its launch in January 2024. BlackRock's European Bitcoin ETP is expected to be domiciled in Switzerland, marking an important milestone in the firm's global expansion strategy.

BlackRock's European Bitcoin ETP is set to be the firm's first such product outside North America, following the successful launch of the iShares Bitcoin Trust (IBIT) in the U.S. The asset manager plans to start marketing the fund as early as this month, according to sources familiar with the matter. BlackRock's international expansion into the European market reflects the growing demand for cryptocurrency exposure among investors.

BlackRock's push into the European Bitcoin market is a strategic expansion for the financial giant, which boasts over $4.4 trillion in assets under management (AUM) across its suite of ETPs. The launch of the European Bitcoin ETP aligns with several market trends influencing investor behavior, including the growing acceptance of Bitcoin as a legitimate asset class and the increasing interest in cryptocurrency investments.

BlackRock's international expansion strategy has seen the firm doubling down on the success of the iShares Bitcoin Trust (IBIT) in the U.S. In January, BlackRock launched a new Bitcoin ETF on the Cboe Canada, allowing Canadian investors to access the firm's flagship U.S. spot Bitcoin fund. The overall performance of U.S. Bitcoin ETFs has been impressive, with over $35 billion in aggregate net inflows in 2024, or roughly $144 million in net inflows each trading day, according to data from Farside Investors.

In November 2024, U.S. Bitcoin ETFs broke the $100 billion net assets milestone for the first time, according to data from Bloomberg Intelligence. Crypto analysts at Steno Research expect Bitcoin ETFs to attract another roughly $48 billion worth of net inflows in 202

Comments



Add a public comment...
No comments

No comments yet

Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.