Key dealers
- Blackrock launches its first crypto-linked ETP in Europe trading with Xetra and euronext as IB1T.
- The European Bitcoin ETP has a temporary fee agreement, which makes it cost -effective to 0.15%.
Blackrock, a leading global asset manager, has introduced a Bitcoin ETP in Europe and based on the success of its US-listed Tot Bitcoin ETF, Ishares Bitcoin Trust (IBIT), which has gathered $ 50.6 billion in assets under management as of the latest of the latest of the last of the most recent data.
According to a March 25 Report From Bloomberg, Ishares Bitcoin ETP will shop at Xetra and Euronext Paris as IB1T and on Euronext Amsterdam as BTCN.
The product has a temporary waiver from 10 points, which gives its cost rate to 0.15% until the end of the year.
The fund is Blackrock’s first crypto-connected ETP outside North America. Blackrock launched earlier Ibit and Ishares Bitcoin ETF at CBOE Canada.
Manuela Springeo, Blackrock’s director of Ishare’s product for Europe and the Middle East, said that a mixture of strong retail needs and growing interest from professional investors drives real speed. She added that Blackrock’s move to the European market both reflects this change and helps drive it forward.
While Europe has long established a market for Crypto ETP, with over 160 products that track various digital assets, its scale remains less than the United States, Bloomberg ETF analyst Eric Balchunas stated in February.
The US Spot ETFs, despite being only one year old, has captured about 91% of the global market share, largely attributed to their competitive cost structures and high liquidity.
The analyst suggested that if Blackrock could successfully replicate American market dynamics, significant market growth is likely.
However, he noted that risk tolerance among European investors is generally lower compared to their counterparts in the United States and some Asian regions.
Europe barely on the top list for Spot Bitcoin ETFS by size .. The US Spot ETFs just years old and has 91%(!) Sharing the world. We kick so much ass in terms of cost and liquidity. If Blackrock even takes some of US terrorism over there, you should see success, even think … pic.twitter.com/fwfde84rhs
– Eric Balchunas (@ericbalchunas) February 5, 2025