BlackRock launches physically backed Bitcoin ETP in Europe, reflecting growing interest in crypto

From Yahoo Finance: 2025-03-25 17:00:00

BlackRock enters Europe’s cryptocurrency ETP market with physically backed Bitcoin strategy. iShares Bitcoin ETP debuts with 0.15% TER, rising to 0.25% at year-end. Domiciled in Switzerland, backed by Bitcoin in cold storage through Coinbase, trades on Deutsche Boerse, Euronext Paris, and Euronext Amsterdam.

BlackRock’s iShares Bitcoin ETP mirrors US-listed IBIT ETF, with $50.7 billion AUM. US regulator approval of Bitcoin ETFs in January 2024 and President Trump’s election boost crypto. Bitcoin hit $100,000 in December, now trading around $87,000.

BlackRock expands crypto ETP offering to Europe based on data showing 75% of professional investors interested in Bitcoin ETPs. Jane Sloan, EMEA head at BlackRock, emphasizes efficiency, convenience, and institutional-grade security for Bitcoin holdings in Europe.

BlackRock’s iShares Bitcoin ETP features 0.25% TER, aligning with market rates in Europe. Europe’s crypto ETP market smaller than the US, with the largest product holding $1.3 billion AUM. HANetf unveils Europe’s first leveraged Bitcoin and Ethereum ETCs.

Published at etf.com, BlackRock’s entry into Europe’s cryptocurrency ETP market signals a growing interest in Bitcoin investments. All rights reserved.

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