$ 10 trillion asset managers Blackrock will launch a Bitcoin ETP in Europe that is bound to its place Bitcoin ETF in the United States. In fact, ETF tracking of BTC of $ 58 billion will be available abroad, according to Bloomberg sources.
Just in: 🇪🇺 Blackrock to launch Bitcoin ETP in Europe, Bloomberg reports.
– watcher.guru (@watcherguru) February 5, 2025
The fund is likely to be domiciled in Switzerland, according to people who are familiar with the plans that did not have the right to discuss the case publicly. Blackrock could start marketing Bitcoin ETP in Europe as soon as this month, one person said. Blackrock has not yet commented or confirmed the announcement.
The European market for Cryptocurrency ETPs is warmly questioned, with more than 160 products available that track the price of Bitcoin, Ethereum and other tokens. But its size of $ 17.3 billion fades in comparison with the United States.
“Being able to get bitcoin exposure via the ETP cover has proven to be a convincing combination for investors,” wrote Samara Cohen and Jay Jacobs, Blackrock’s head of investment manager for ETFS and index investments and the US head of thematic and active ETFs respectively Blog posts Last month.