{"id":11836,"date":"2025-02-07T04:31:43","date_gmt":"2025-02-07T04:31:43","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11836"},"modified":"2025-02-07T04:31:43","modified_gmt":"2025-02-07T04:31:43","slug":"blackrock-expands-crypto-offerings-with-bitcoin-etp-in-europe-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11836","title":{"rendered":"BlackRock Expands Crypto Offerings With Bitcoin ETP in Europe: Report"},"content":{"rendered":"<div>\n<p>BlackRock \u2013 the world\u2019s largest asset manager, is gearing up to launch a Bitcoin-linked exchange-traded product (ETP) in Europe. This marks its first foray into the European crypto market. The fund is expected to be based in Switzerland.<\/p>\n<p>This move follows the success of BlackRock\u2019s US-based iShares Bitcoin Trust (IBIT), which currently manages $58 billion in assets.<\/p>\n<h2>BlackRock\u2019s Bitcoin ETP<\/h2>\n<p>According to the Bloomberg <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-02-05\/blackrock-said-to-list-bitcoin-exchange-traded-product-in-europe\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">report<\/a>, the European ETP is anticipated to be marketed as early as this month.<\/p>\n<p>While cryptocurrency ETPs have been available in European markets for several years, BlackRock\u2019s entry into the space adds significant weight. The firm\u2019s global reputation and experience in managing exchange-traded funds (ETFs) \u2013 with more than $4.4 trillion in assets under management \u2013 may help attract significant investor interest.<\/p>\n<p>Unlike North America, where crypto-related ETFs have already seen a notable adoption, Europe\u2019s market remains relatively smaller at $17.3 billion, compared to the US market\u2019s whopping $116 billion across 12 Bitcoin-linked funds.<\/p>\n<p>At the recent World Economic Forum in Davos, BlackRock CEO Larry Fink spoke about Bitcoin\u2019s potential as a hedge against currency debasement, a perspective that aligns with the broader trend of financial institutions warming up to digital assets as regulatory clarity improves.<\/p>\n<h2>Institutional Interest Grows in Europe<\/h2>\n<p>The re-election of US President Donald Trump has further fueled market optimism, with Bitcoin prices soaring to record highs of $109,241 in January amid strong investor confidence and heightened demand. Meanwhile, new crypto rules in the form of MiCA came into effect in late December in the European Union. The European market is becoming increasingly <a href=\"https:\/\/cryptopotato.com\/mica-framework-brings-4-leading-crypto-exchanges-under-unified-eu-regulations\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">competitive<\/a>, with more than 160 ETPs tracking Bitcoin, Ethereum, and other tokens.<\/p>\n<p>BlackRock\u2019s entry into the region could intensify competition while offering investors a new, institutionally backed option. The latest move comes amidst a growing trend among investment firms aiming to expand crypto-backed securities in Europe.<\/p>\n<p>For instance, Kraken recently <a href=\"https:\/\/blog.kraken.com\/news\/eu-mifid-license\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\">received<\/a> approval to offer derivatives, joining the likes of Bitstamp and other platforms. Increased competition in the European crypto ETP space has led to fee reductions, with some expense ratios previously hitting 2.5%. However, the fee structure for BlackRock\u2019s upcoming European crypto ETP remains uncertain.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/blackrock-to-launch-first-bitcoin-linked-etp-in-europe-expanding-its-crypto-reach-report\/\" rel=\"nofollow\">BlackRock Expands Crypto Offerings With Bitcoin ETP in Europe: Report<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock \u2013 the world\u2019s largest asset manager, is gearing up to launch a Bitcoin-linked exchange-traded product (ETP) in Europe. This marks its first foray into the European crypto market. The fund is expected to be based in Switzerland. This move follows the success of BlackRock\u2019s US-based iShares Bitcoin Trust (IBIT), which currently manages $58 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11836","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11836"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11836\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}