Blackrock, the largest asset manager in the world, launches its first Bitcoin ETP (Product negotiated on the stock market) in Europe, expanding its presence in the cryptographic investment space.
This decision follows the success of Son Etf Bitcoin, listed in the United States, the Ishares Bitcoin Trust (IBIT), which has accumulated $ 50.6 billion in management assets (AUM).
Blackrock to list Bitcoin etp in Europe
The new Ishares Bitcoin ETP will be available to exchange on Xetra and Euronext Paris under the IB1T Ticker and on Euronext Amsterdam as BTCN.
The expansion in Europe marks the first ETP supported by Blackrock by Blackrock offering outside North America. This suggests an increasing institutional interest in digital assets.
To encourage early adoption, BlackRock offers a derogation from temporary costs, reducing the ETP expenses ratio to 0.15% until the end of the year. This makes the product one of the most profitable ETP Bitcoin on the European market. It could attract both retail and institutional sales investors looking for exposure to digital assets at a competitive price.
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