{"id":125772,"date":"2025-03-25T12:20:00","date_gmt":"2025-03-25T12:20:00","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125772"},"modified":"2025-03-25T12:20:00","modified_gmt":"2025-03-25T12:20:00","slug":"blackrock-launches-bitcoin-etp-in-europe","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125772","title":{"rendered":"BlackRock launches Bitcoin ETP in Europe"},"content":{"rendered":"

Source: Cointelegraph.com NewsBlackRock, the world\u2019s largest asset manager, launched a Bitcoin exchange-traded product (ETP) on multiple European stock exchanges.
\nThe iShares Bitcoin ETP began trading on March 25 on Xetra, Euronext Amsterdam and Euronext Paris, according to BlackRock\u2019s product page. The launch follows the success of its iShares Bitcoin Trust exchange-traded fund (ETF), which dominates the US market with $50.7 billion of assets under management, accounting for about 2.73% of the total Bitcoin (BTC) supply.
\nStephen Wundke, director of strategy and revenue at crypto investment firm Algoz, told Cointelegraph that \u201cthe availability of the iShares Bitcoin ETP may not have the same reaction across Europe\u201d as it saw in the US:
\n\u201cQuality investment products through regulated asset managers have been more available throughout Europe than in the US, and secondly, Bitcoin is also more easily purchased. However, the ability for traditional family offices across Europe to hold a small percentage of their asset base in \u2018digital gold\u2019 is no doubt a good thing. Just don\u2019t expect $60 billion of purchases in the first quarter.\u201d
\nProduct details and fee structure
\nThe new ETP trades under the IB1T ticker on Xetra and Euronext Paris, while on Euronext Amsterdam it uses BTCN. Bloomberg previously reported that the company was preparing to launch the new product, which followed the firm\u2019s launch of a Bitcoin ETF on CBOE Canada.
\nBlackRock iShares Bitcoin ETP specifics. Source: BlackRockAccording to Bloomberg, the product launched with a temporary fee waiver of 10 basis points, which decreases the expense ratio to 0.15% until the end of 2025. Europe\u2019s top crypto ETP is the CoinShares Physical Bitcoin ETP, which currently charges 0.25%, making BlackRock\u2019s offering considerably cheaper while the waiver is in place.
\n\u201cThere is no doubt BlackRock\u2019s aggressive fee structure was designed to keep competitors out of the market and question the commitment of any new entrants,\u201d Wundke said.
\nWundke added that \u201cthis type of competition is good for investors and ultimately good for digital currencies,\u201d highlighting that players in the market will have to compete to provide the best offering to investors.
\nRelated: \u2018Successful\u2019 ETH ETF less perfect without staking \u2014 BlackRock
\niShares expanding to Europe
\nThis is BlackRock\u2019s first issuance of a crypto ETP outside of North America. Manuela Sperandeo, BlackRock\u2019s head of Europe and Middle East iShares Product, told Bloomberg:
\n\u201c[This launch] reflects what really could be seen as a tipping point in the industry \u2014 the combination of established demand from retail investors with more professionals now really getting into the fold.\u201d
\nRelated: Bitcoin ETFs log first net inflows in weeks, while Ether outflows continue
\nAjay Dhingra, head of research at decentralized exchange aggregator Unizen, told Cointelegraph that the move reflects BlackRock\u2019s confidence in the European Union\u2019s Markets in Crypto-Assets Regulation framework:
\n\u201cFrom Trump to Biden and now Trump again, US digital asset policy has been largely inconsistent. In contrast, the EU has steadily embraced compliant blockchain adoption \u2014 offering the regulatory stability companies are looking for.\u201d
\nA recent BlackRock earnings report showed that the firm managed over $11.55 trillion on average during the fourth quarter of 2024. Other than the top Bitcoin ETF, the firm also launched its Grayscale Ethereum Trust ETF \u2014 the top Ether (ETH) ETF, with $3.46 billion in assets under management.
\nMagazine: EU politician reveals her conversion to crypto \u2014 Eva KailiRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsBlackRock, the world\u2019s largest asset manager, launched a Bitcoin exchange-traded product (ETP) on multiple European stock exchanges. The iShares Bitcoin ETP began trading on March 25 on Xetra,… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125772"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125772"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125772\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125772"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}