The largest asset manager in the world is scheduled to be Black Rock with about $ 11.6 trillion of management assets, to bring Bitcoin exchange product (BTC) in the European market.
This step follows ETF’s resounding success for the company that provides exposure to the leading cryptocurrency, which amounted to $ 58 billion of assets after just one year of launch and witnessed a great adoption among institutional investors.
The new European ETP company, which is likely to be based in Switzerland, is expected to start marketing just this month, according to Bloomberg It was mentioned that this will be the first ETP encryption in North America.
The company, a dominant force in the ETF scene with more than $ 4.4 trillion of management assets through these products, has become pioneering defenders in Wall Street for digital assets.
While Europe has witnessed the trading of ETPs associated with encryption for years, these money stands behind those in the United States in terms of assets. Eric Balunas, a 91 % Bloomberg analyst ETF, indicated that the latter has a 91 % stake in the market.
Europe is barely on the leading plate of investment funds circulating in the instant bitcoin by size .. Investment fund points circulated in the United States only on an annual basis and have 91 % (!) A share of the world. We kick a lot of ass when it comes to cost and liquidity. If Blackrock brings even some American dignits there, he should see success, although he is in mind … pic.twitter.com/Fwfde84Rhs
Eric Balunas (EricBalchunas) February 5, 2025
BITCOIN CEO Blackrock
Last month at the World Economic Forum in Davos, CEO of Blackrock Larry Fink described BTC benefits as a hedge against currency work after late last year, and the company Bitcoin Etf witnessed the company of its total assets in its golden money.
The launch of many investment funds circulating in the United States a year ago has sparked an increase in demand, and attracted $ 116 billion in flows across 12 funds. ISHares Bitcoin Trust (IBIT) from Blackrock tops a package, and crashes industry records with what is the most successful appearance of any investment funds circulating at all.
While the European Crypto ETP market is competitive, with more than 160 different products from encrypted currencies, the market value of $ 17.3 billion is dwarfed through the market value of most cryptocurrencies that are traded in the United States
