- BlackRock intends to launch its first Bitcoin ETP in Europe, based in Switzerland.
- Inflows to US Bitcoin ETFs totaled $35B ($40.6B) in 2024, indicating substantial institutional interest.
Blackrock, the world’s biggest asset manager, is launching a Bitcoin exchange-traded ETP product in Europe. The fund, based in Switzerland, will be its first foray into the European market in the crypto-linked ETP arena. According to a Bloomberg report, Blackrock can begin marketing the product as soon as this month.
This recent step came after Blackrock performed admirably in the United States through its iShares Spot Bitcoin ETF, in which IBIT collected close to $60 billion in assets after going live nearly a year ago. Blackrock launched a new Bitcoin ETP in Europe as an effort to continue increasing the interest in Blackrock’s offer of crypto-backed securities all around the globe.
Blackrock Extends Its Bitcoin Offering into Europe
The European market has seen an influx of investment firms that are vying to give crypto-linked products, including Kraken, Bitstamp, and FTX EU. Blackrock’s entrance into the competitive market will also cause further action by the other firms as they seek to entice investors with fee waivers. The actual fee structure of Blackrock’s Bitcoin ETP is not known, but it will define its performance greatly.
U.S. spot Bitcoin ETFs currently dominate 91% of the global market share. If Blackrock moves into the European market, that should increase the competitive landscape there and could drive a change in fee structures of the entire industry along with their respective liquidity levels. This is a key step forward for Blackrock on its international strategy for crypto development.
BlackRock takes another step forward with International crypto-product offerings by launching European Bitcoin ETP. Similarly, the company launched a Bitcoin ETF earlier this year at US, allowing trading on Cboe Canada opening the door for investors to the US spot Bitcoin fund for trading purposes. One of the largest issuers of ETPs manages $4.4 trillion in diversified ETPs.
Following the success of US Bitcoin ETFs, sustenance of interest from the institutions is being furthered by these products. As of the reporting date of this report, US Bitcoin ETFs have seen net inflows of more than $40.6 B to date. On top of all the adoption that speaks to portfolios’ use of Bitcoin and its relationship to inflation and geopolitical risks, Investors are now preparing for this, prompting demands for further expert analysis. The continued inflow into Bitcoin ETFs is driving Bitcoin’s price even higher in 2025.
Going forward, as BlackRock continues to push to expand its global presence more in the world of crypto assets, its European Bitcoin ETP can heighten the companies’ dominance as the fast-evolving space picks up.
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