{"id":836559,"date":"2025-03-25T08:12:10","date_gmt":"2025-03-25T13:12:10","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/25\/blackrock-enters-europes-13b-crypto-market-with-major-bitcoin-etp-launch\/"},"modified":"2025-03-25T08:12:10","modified_gmt":"2025-03-25T13:12:10","slug":"blackrock-enters-europes-13b-crypto-market-with-major-bitcoin-etp-launch","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/25\/blackrock-enters-europes-13b-crypto-market-with-major-bitcoin-etp-launch\/","title":{"rendered":"BlackRock Enters Europe\u2019s $13B Crypto Market with Major Bitcoin ETP Launch"},"content":{"rendered":"
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\"BlackRock<\/figure>\n<\/div>\n
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BlackRock,\u00a0 the asset manager behind the largest U.S. Bitcoin ETF, is expanding into the European crypto market with its first Bitcoin exchange-traded product (ETP) outside of North America. This launch is a smart move to tap into the growing interest in cryptocurrency markets<\/a>, following the impresive success of similar products in the U.S.<\/p>\n

As per the details shared on ishares\u2019 <\/a>website, the iShares Bitcoin ETP will debut on Xetra and Euronext Paris under the ticker IB1T, and on Euronext Amsterdam as BTCN on Tuesday. Although cryptocurrency-linked ETPs have been available on European exchanges for years, the market in Europe is much smaller, worth $13.6 billion, compared to the larger market in the U.S.<\/p>\n

Coinbase To Custody the ETP<\/h2>\n

BlackRock\u2019s iShares Bitcoin Trust ETF (IBIT) is the biggest among the 12 U.S. spot Bitcoin ETFs, with over $50 billion in assets and nearly $40 billion in cumulative inflows, according to SoSoValue data. Coinbase, which handles custody for IBIT, will also manage the new European product.\u00a0<\/p>\n

This Bitcoin exchange-traded product (ETP) will be available to both institutional and knowledgeable retail investors, and it will be issued by a special purpose vehicle based in Switzerland.<\/p>\n

IB1T Launches with 0.15% Fee Discount<\/h2>\n

The European ETP will have a temporary fee discount of 0.15%, valid until the end of 2025. The fee waiver makes IB1T one of the cheapest Bitcoin ETPs available at launch. In comparison, Europe\u2019s largest crypto ETP, CoinShares\u2019 $1.3 billion Bitcoin product, charges a 0.25% fee \u2014 the same fee that IB1T will have after the waiver period ends.<\/p>\n

Manuela Sperandeo, BlackRock\u2019s head of Europe & Middle East iShares Product, said that the launch of the product marks a significant turning point in the industry. She explained that it represents a mix of growing demand from retail investors and an increasing interest from professional investors.<\/p>\n

BlackRock Aims To Double Its Customer Base<\/h2>\n

BlackRock\u2019s European launch is part of its strategy to double its customer base, growing from 9 million to 19 million in three years, while also expanding its $1 trillion market share. The move comes as more U.S. asset managers, like Franklin Templeton<\/a>, enter the EU market with crypto and tokenized products. Besides, the EU\u2019s new Markets in Crypto Assets (MiCA) regulations<\/a> provide a clear framework, supporting the rise of innovative investment options in the region.<\/p>\n

In recent years, BlackRock has been a vocal advocate for digital assets. BlackRock CEO, Larry Fink, recently called Bitcoin a possible \u201csafe haven\u201d during the World Economic Forum. While not fully endorsing it, he suggested Bitcoin could reach $700,000, seeing it as a potential solution to currency devaluation and political instability.<\/p>\n

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Never Miss a Beat in the Crypto World!<\/h5>\n

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.<\/p>\n<\/div>\n

FAQs<\/h2>\n
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Where will BlackRock\u2019s Bitcoin ETP be available?<\/strong><\/strong><\/p>\n

IB1T will be listed on Xetra, Euronext Paris, and Euronext Amsterdam, providing access to both institutional and retail investors.<\/p>\n<\/div>\n

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Why is BlackRock launching a Bitcoin ETP in Europe?<\/strong><\/strong><\/p>\n

BlackRock aims to expand its crypto offerings globally, tapping into growing investor demand and leveraging Europe\u2019s new MiCA regulatory framework.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\n Nidhi Kolhapur<\/p>\n","protected":false},"excerpt":{"rendered":"

BlackRock,\u00a0 the asset manager behind the largest U.S. Bitcoin ETF, is expanding into the European crypto market with its first Bitcoin exchange-traded product (ETP) outside of North America. This launch is a smart move to tap into the growing interest in cryptocurrency markets, following the impresive success of similar products in the U.S. As per<\/p>\n","protected":false},"author":1,"featured_media":836560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[164,28981],"tags":[],"class_list":{"0":"post-836559","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blackrock","8":"category-enters"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=836559"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/836559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/836560"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=836559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=836559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=836559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}