Blackrock to launch Bitcoin ETP in Europe

Blackrock, the world’s largest asset management company, is scheduled to launch a Bitcoin Stock Exchange producer (ETP) in Europe, after there is a successful work with ETF Bitcoin spot in the United States with $ 48 billion of assets.

Blackrock launches Bitcoin Etp in Europe

according to ReportsThe new ISHares Bitcoin ETP will be included in many major European stock exchanges, including Xetra in Germany, Paris and Amsterdam Euronx, where the product is expected to be traded under IBIT and BTCN indicators starting from March 25.

Unlike traditional traditional investment funds, products that track encrypted in Europe are generally organized as ETPS, according to European regulatory standards.

This step puts Blackrock alongside other traditional asset managers like DWS, Wisdomtree, Fidelity and Investco, who also ventured in the Crypto ETP market. The launch comes after the approval of the Bitcoin Investment Funds by the American Securities and Stock Exchange Committee (SEC) in January 2024, where ISHARES Bitcoin Trust (IBIT) from Blackrock was one of the first of the market, which now runs 57 billion dollars in assets.

The approval of the investment funds circulating in Bitcoin in the United States motivated the direction of reducing fees between ETPS European encryption, with companies such as Coinshares, Wisdomtree and Invesco that announces fees. The drawing competition lasts because the market does not show any signs of slowdown. Meanwhile, the European Securities and Markets Authority (ESMA) has issued a warning about the volatile nature of encryption origins, especially in light of the price increase in bitcoin.

Experts expect a significant growth in the value of Bitcoin, with Michael Howell, Managing Director of Crossborder Capital, expected to reach the cryptocurrency to $ 250,000 in the three years to the next five with confidence in the US Treasury Market.

Also read: Blackrock launches Spot BTC ETF at Excination CBOE Canada

Written by Rito Lavania

Ritu Lavania is a multi -use Web3 content creator with more than three years experience in the encryption space. It is part of the team in Cryptonewsz, where you write insightful and attractive content. She also contributed to Thecryptotimes and Coin Edition, where her work was well received by the encryption community. Maher in research, creative writing, senior economic officials, and job cooperation, creating content specifically designed for a varied audience. Population of education, devotes time to teaching children and expressing themselves through poetry. It always yearns for learning, constantly exploring new trends in Blockchain origin and digital assets. It strongly believes in telling stories to make complex encryption themes easier and attractive to readers all over the world.