BlackRock’s Bitcoin ETP Launches in Europe: Details

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News According to the recently published Bloomberg piece, BlackRock has brought a new cryptocurrency product to the European market as it has launched a Bitcoin ETP (exchange-traded product) there. Advertisement Related Mon, 03/24/2025 - 09:59 Ripple CTO Reacts to IMF's Take on XRP and Utility Tokens Gamza Khanzadaev BlackRock brings Bitcoin ETP to Europe BlackRock’s fund iShares which launched the spot Bitcoin ETF IBIT in January last year now plans to list a new Bitcoin ETP the ticker name IB1T on Xetra and Euronext Paris. The new product will also be listed in the Netherlands on Euronext Amsterdam as BTCN, said Bloomberg, citing the BlackRock’s statement. HOT Stories BlackRock’s Bitcoin ETP Launches in Europe: Details Mysterious SHIB Whale Behind 1 Billion SHIB Burn Finally Identified Fidelity Exec Names Key Reason Behind Bitcoin Price Correction Bitcoin Price Plunges as Mt. Gox Makes Gargantuan Transfer BlackRock the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe https://t.co/3TCf3G5FFH Advertisement — Bloomberg Crypto (@crypto) March 25, 2025 The new Bitcoin product for exchanges will offer a temporary fee discount of 10% with a lower expense ratio until the end of 2025. This is the very first step taken by BlackRock to expand its crypto ETP product range outside the US after the success of the spot Bitcoin ETF. IBIT is the largest spot BTC ETF holding roughly half a million Bitcoin valued at approximately $48 billion. When it was launched in January last year, it quickly gained traction and began attracting billions on US dollars every month. Even though, there have been ETPs linked to cryptocurrencies already trading in Europe for several years, the local market is much smaller compared to the US - $13.6 billion versus $105 billion assets under management. The largest crypto ETP in Europe is so far run by CoinShares International Ltd with $1.3 billion in Bitcoin under management and it charges a 0.25% fee. So far, until the end of the year, BlackRock will be offering a much cheaper fee of 1.15%. #BlackRock #Bitcoin #Spot Bitcoin ETF