BlackRock Set to Launch Bitcoin ETP in Europe
BlackRock, the world’s largest asset manager, is gearing up to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg.
This development follows the impressive performance of BlackRock’s US spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), which amassed over $57 billion in net assets since its launch in January 2024.
The IBIT fund has become America’s most popular spot Bitcoin ETF.
The upcoming European Bitcoin ETP will reportedly be domiciled in Switzerland, with BlackRock expected to start marketing the fund as early as this month, Bloomberg reported, citing sources familiar with the matter.
With $4.4 trillion in assets under management (AUM) across its suite of ETPs, BlackRock remains a dominant force in the ETF market.
If launched, this would mark BlackRock’s first Bitcoin ETP outside North America, according to Bloomberg.
BlackRock is actively building on IBIT’s success through international expansion.
In January, the firm introduced a new Bitcoin ETF on the Cboe Canada, giving Canadian investors access to its flagship US spot Bitcoin fund.
In 2024 alone, US Bitcoin ETFs attracted over $35 billion in net inflows, averaging around $144 million in daily net inflows, based on data from Farside Investors.
In November 2024, the combined net assets of US Bitcoin ETFs surpassed $100 billion for the first time, according to Bloomberg Intelligence.
Analysts at Steno Research project that Bitcoin ETFs could draw an additional $48 billion in net inflows in 2025.
According to a December report from JPMorgan, Bitcoin has become a “more important component” of investment portfolios as investors increasingly turn to crypto to hedge against geopolitical risks and inflation, citing the “record capital inflow into crypto markets.”
Meanwhile, Sygnum Bank suggested in December that the surge in institutional inflows could trigger positive demand shocks for Bitcoin, potentially driving BTC’s price significantly higher in 2025.
Sources:
https://cointelegraph.com/news/blackrock-list-bitcoin-etp-europe
https://www.blackrock.com/us/individual/products/333011/ishares-bitcoin-trust
Try to invite your friends and earn together
10% of trading fees of your friends and 5% from the earnings of your friends.
