BlackRock Brings Bitcoin ETF Business to Europe

The world’s largest asset manager, BlackRock, is bringing its Bitcoin exchange-traded product (ETP) to Europe, marking its first crypto-linked ETP outside North America. This move shows the company’s growing interest in digital assets and its commitment to expanding investment options for European investors.

The launch comes as Europe is seeing more Bitcoin ETPs enter the market. Several other Bitcoin ETPs recently entered the continent, highlighting the region’s increasing focus on cryptocurrency investment.

Where It Will Be Listed

The iShares Bitcoin ETP will start trading on Tuesday across major European exchanges, Xetra and Euronext Paris, under the Ticker IB1T and Euronext Amsterdam, under the Ticker BTCN.

These listings provide institutional and retail investors in Europe more access to Bitcoin. Like its U.S.-listed counterpart, the European Bitcoin ETP will allow holders to gain indirect exposure to the leading crypto asset.

BlackRock’s decision to enter the European market signals a rising demand for regulated Bitcoin investment products. Traditional financial firms increasingly embrace Bitcoin, giving investors more secure ways to gain exposure to digital assets.

The European financial market is also becoming more welcoming to crypto. Not only are Bitcoin ETPs launching, but crypto exchanges like OKX, Coinbase, and Crypto.com are also securing MiCA and EEA licenses to operate in the region. This regulatory clarity could encourage more institutional investment in digital assets.

To attract investors, BlackRock is offering a temporary fee waiver of 10 basis points, bringing the expense ratio down to 0.15% until the end of the year. This lower cost makes the product more appealing to early adopters.

Europe’s Crypto Investment Market Grows

Some ETFs were launched in Europe yesterday, showing a strong focus on the European financial market. 21Shares, a leading crypto ETP provider, has listed three of its key ETPs, including XRP, on Nasdaq Stockholm. This move will help the company expand in Europe and provide more investment options for crypto-focused investors.

BlackRock’s move shows that traditional finance is embracing Bitcoin. As more big firms enter the space, crypto is becoming a common investment choice and gaining wider acceptance.