BlackRock Introduces First Bitcoin Exchange-Traded Product in Europe
BlackRock, the world's largest asset manager, has launched its inaugural Bitcoin exchange-traded product (ETP) in Europe. The iShares Bitcoin ETP is listed on exchanges in Paris, Amsterdam, and Frankfurt, providing European investors with a regulated avenue for cryptocurrency exposure. This move follows the success of BlackRock's similar offerings in the United States.

BlackRock has expanded its cryptocurrency investment offerings by introducing the iShares Bitcoin ETP to the European market. Domiciled in Switzerland, the ETP is now trading on major European exchanges, including those in Paris, Amsterdam, and Frankfurt.
This European launch mirrors the success of BlackRock's U.S.-based iShares Bitcoin Trust ETF (IBIT), which has amassed over $50 billion in assets under management since its debut in January 2024.
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The iShares Bitcoin ETP offers European investors a cost-effective option, featuring a temporary fee waiver that reduces its expense ratio to 0.15% until the end of the year.
Manuela Sperandeo, BlackRock's head of iShares Product for Europe and the Middle East, emphasized the growing demand for cryptocurrency exposure among both retail and professional investors. She noted that this trend reflects a significant shift in the investment landscape, with increasing interest in digital assets.
By launching the iShares Bitcoin ETP in Europe, BlackRock aims to provide institutional-grade security and accessibility for investors seeking exposure to Bitcoin within a regulated framework. This initiative underscores the firm's commitment to meeting the evolving needs of its clients in the dynamic financial landscape.
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