Blackrock launched the first trader’s producer on Bitcoin (ETP) in Europe, which represents a great expansion in global investment offers for encryption.
The move comes after ISHares Bitcoin Trust (IBIT) is listed in the United States, the largest ETF in the market in the market, with net assets exceeding $ 50 billion and flows approaching $ 40 billion.
The new ETP, included under the IB1T index on XTra and BTCN on Euronext Paris and Amsterdam, provides European investors direct exposure to Bitcoin.
This launch also coincides with an IB1T temporary deduction, which was appointed 0.15 % until the end of 2025.
Bitcoin ETF flows amounted to $ 50 billion
Blackrock’s expansion in the European encryption market is based on the success of ISHARES Bitcoin Trust ETF, based in the United States.
Since its first appearance in January 2024, Ibit has recorded nearly $ 40 billion in net flows, making him the dominant player between 12 points in Bitcoin currently circulating in the United States.
Data from Sosovalue It confirms that IBIT leads the package in both assets and capital flows, which helps to pay the ETF assets caused by Bitcoin in the United States after Mark with a value of $ 50 billion.
While Blackrock has also offered a similar product in Canada since January, the European list represents a strategic transformation aimed at capturing the demand outside North America.
New ISHARES Bitcoin ETP Trading started on Tuesday It is available in many leading stock exchanges: XETRA in Germany, Euronext Paris, and Euronext Amsterdam.
It leads European Coinshares Etps
Although the American market celebrated the arrival of the investment funds circulating in the immediate bitcoin in early 2024, the investment scene in Europe in Europe included ETPS for several years.
Coinshares and 21shares managers were at the forefront of this space, jointly represented nine of the best 20 Bitcoin Etps by management assets.
According to EtfbookCoinshares is currently leading the European market, and runs $ 1.3 billion of assets and provides competitive fees of 0.25 %.
Blackrock’s entry into this European market is in force competing with companies such as Coinshares and 21shares.
However, the reduced Blackrock fees-by 0.15 % until the end of 2025-may help ISHares Bitcoin ETP to attract flows quickly, especially from institutional investors who seek to bitcoin low exposure.
Coinbase deals with the custody of ETP
Coinbase, an exchange of encryption and one in the United States, will manage the newly launched European ETP nursery, just as IBIT in the United States.
Coinbase has been a long partner in Crypto’s Blackrock projects, and its continuous role enhances the compatibility between a corresponding coding service providers and traditional asset managers.
By taking advantage of Coinbase’s infrastructure, Blackrock guarantees that European ETP maintains operational standards similar to its shows in North America.
This can appeal to European institutional investors who focus on the organized guardian and transparent product structures.
IB1T reaches a time when global institutional interest in Bitcoin increases.
The continuous expansion of organized investment vehicles such as ETFS and ETPS reflects the mature infrastructure in the cryptocurrency market, especially in the judicial states with clear regulatory frameworks such as Europe and the United States.
For the first time in Post Blackrock Bitcoin ETP, the encryption flows appeared to the top of $ 50 billion first appeared on Invezz
