Key Takeaways:
- BlackRock plans to launch a Bitcoin ETP in Europe, reportedly domiciled in Switzerland.
- This follows the success of IBIT, its U.S. spot Bitcoin ETF, which has amassed over $57 billion in assets.
- The move marks BlackRock’s first Bitcoin ETP outside North America, expanding its crypto investment reach.
BlackRock, the world’s largest asset manager, is planning to launch a Bitcoin exchange-traded product (ETP) in Europe following the success of its U.S. spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT).
Since its launch in January 2024, IBIT has accumulated over $57 billion in net assets, making it the most popular spot Bitcoin ETF in the U.S.
JUST IN: BlackRock will list its Bitcoin ETP in Europe pic.twitter.com/y7g2sz3CuM
— Bitcoin News (@BitcoinNewsCom) February 5, 2025
The upcoming European Bitcoin ETP is expected to be domiciled in Switzerland, with marketing efforts possibly starting this month.
BlackRock, which manages around $4.4 trillion in ETF assets, aims to expand its Bitcoin investment offerings beyond North America.
If approved, this would mark BlackRock’s first Bitcoin ETP in Europe, reflecting the firm’s growing interest in cryptocurrency investment products.
💥JUST IN: BlackRock to list its Bitcoin ETP in Europe – Bloomberg
— Bitcoin Archive (@BTC_Archive) February 5, 2025
The move signals a broader strategy to cater to increasing institutional demand for Bitcoin exposure in global markets.
The details were reported by Bloomberg, citing sources familiar with the matter.
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