Blackrock Expands to Europe With Launch of Bitcoin Exchange Traded Product.Blackrock has launched its first bitcoin exchange-traded product (ETP) in Europe, expanding its crypto footprint beyond the U.S. The Ishares Bitcoin ETP will list on multiple European exchanges with a competitive fee structure, aiming to capture growing institutional interest in digital assets.
Blackrock, the worlds largest asset manager, is bringing its bitcoin exchange-traded product (ETP) to Europe, following the rapid success of its $48 billion U.S. bitcoin fund. According to the Bloomberg report, the iShares Bitcoin ETP (IB1T) will list on Xetra and Euronext Paris, while a separate listing (BTCN) will be available on Euronext Amsterdam.
To attract early investors, Blackrock is offering a temporary fee waiver, reducing the expense ratio to just 0.15% until the end of 2025. This makes it one of the most cost-effective bitcoin ETPs on the European market, undercutting competitors like CoinShares $1.3 billion physical bitcoin product, which charges 0.25%.
It reflects what really could be seen as a tipping point in the industry, the combination of established demand from retail investors with more professionals now really getting into the fold, said Manuela Sperandeo, Blackrocks head of Europe & Middle East iShares Product.
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