BlackRock Expected to Launch Bitcoin Spot ETP in Europe
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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