BlackRock is preparing to introduce a Bitcoin Spot Exchange-Traded Fund (ETF) in Europe, marking a significant expansion of its cryptocurrency offerings beyond the United States.
This follows the success of their Bitcoin ETF in the U.S., which has attracted substantial investor interest and accumulated $58 billion in assets.
The European Bitcoin Spot ETF will likely be registered in Switzerland, with promotional activities potentially beginning soon. While BlackRock has yet to officially announce the launch, industry sources indicate that the product could arrive shortly.
As the world’s largest asset manager with over $4.4 trillion in assets, BlackRock has long been a leader in the ETF space. This will be its first direct involvement with crypto-related investment products in the European market, which has already seen various crypto-based exchange-traded products (ETPs) for years.
BlackRock has played a pivotal role in integrating digital assets into mainstream finance. At the recent World Economic Forum in Davos, CEO Larry Fink pointed out Bitcoin’s value as a potential safeguard against inflation and currency risk.
Following the successful roll-out of spot Bitcoin ETFs in the U.S. in 2024, which attracted $116 billion across multiple funds, BlackRock’s iShares Bitcoin Trust remains a market leader, setting new benchmarks for ETF launches. According to BlackRock’s executives, the combination of Bitcoin exposure and ETP structures has proven highly appealing to investors.
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