BlackRock To Launch Bitcoin ETP In Europe
By Alex O’Donnell | CoinTelegraph.com
BlackRock, the world’s largest asset manager, is preparing to launch a Bitcoin exchange-traded product (ETP) in Europe, according to a Feb. 5 report by Bloomberg.
The move comes after BlackRock’s US spot Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), drew upward of $57 billion in net assets after launching in January 2024. BlackRock’s IBIT fund is America’s most popular spot Bitcoin ETF and chived in just a year what it took GLD (the most popular gold ETF) seven years to achieve…
BlackRock’s European Bitcoin ETP will reportedly be domiciled in Switzerland. The asset manager plans to start marketing the fund as soon as this month, Bloomberg said, citing people familiar with the matter.
BlackRock is a top ETF issuer, with $4.4 trillion in assets under management (AUM) across its suite of ETPs. This would be BlackRock’s first Bitcoin ETP outside of North America, Bloomberg said.
BlackRock’s IBIT is the US’s most popular BTC ETF. Source: iShares
Expanding crypto product suite
BlackRock has been doubling down on IBIT’s success with international expansions. In January, BlackRock launched a new Bitcoin ETF on the Cboe Canada. The ETF allowed Canadian investors to access BlackRock’s flagship US spot Bitcoin fund.
Overall, US Bitcoin ETFs saw more than $35 billion in aggregate net inflows in 2024, or roughly $144 million in net inflows each trading day, according to data from Farside Investors.
In November, US BTC ETFs broke $100 billion in net assets for the first time, according to data from Bloomberg Intelligence. Crypto analysts at Steno Research expect Bitcoin ETFs to attract another roughly $48 billion worth of net inflows in 2025.
Bitcoin has “become [a] more important component […] of investors’ portfolios structurally” as they increasingly seek to hedge against geopolitical risk and inflation, investment bank JPMorgan said in a December report, citing the “record capital inflow into crypto markets.”
Surging institutional inflows could cause positive demand shocks for Bitcoin, potentially sending BTC’s price soaring in 2025, asset manager Sygnum Bank said in December.
_________
RELATED
Trump Media files for ‘Truth․Fi Bitcoin Plus ETF’
Tether is building AI apps and an open-source SDK platform
_________
(SOURCE)
Header featured image (edited) credit: Org. post content. Emphasis added by (TLB)
••••
••••
Stay tuned tuned…
••••
The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)
••••
Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.
••••
Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.
••••
Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.
Source: TLB
