The post BlackRock Eyes Europe for Bitcoin ETP—Is a Crypto Boom Coming? appeared on BitcoinEthereumNews.com.

BlackRock is preparing to expand its cryptocurrency investment products with a Bitcoin Exchange Traded Product (ETP) in Europe. The asset management giant reportedly plans to launch the fund in Switzerland, marking its first crypto ETP in the region. This move follows the success of its US-listed spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), which has accumulated $58 billion in Bitcoin holdings. BlackRock Plans Expansion Amid Bitcoin’s Rising Popularity BlackRock established itself as the market leader for US spot Bitcoin ETFs through its IBIT product, which recorded substantial investor interest. Investor interest in the fund continues to grow because it has accepted $934 million in net financial inflows during the previous five days. This European ETP seeks to benefit from Bitcoin investment interest and European regulatory transparency. – Advertisement – Crypto-based financial products in Europe maintain regular growth even though the market stays smaller than that of the United States. BlackRock’s entrance to the ETP marketplace will probably modify the existing competitive structure, which already includes more than 160 cryptocurrency-tracking instruments. Due to its strong reputation and extensive institutional connections, the firm can draw substantial investments from market participants who face existing competition. BlackRock perceives an advantageous market setting for this transition because institutional investors keep buying Bitcoin while its price keeps rising. Large financial companies have increased certainty because the European Union recently enacted crypto regulations. Implementing regulatory frameworks allows BlackRock to develop an institutional-grade Bitcoin investment product. European Rules Force BlackRock to Modify Bitcoin Fund BlackRock first attempted to extend its Canadian Bitcoin ETF framework to Europe through a wrapper structure. BlackRock plans to launch its European fund by depositing IBIT US-listed shares, making the start date more efficient. European regulators reject this method of Bitcoin ETP development which compels BlackRock to build an independent Bitcoin ETP. The absence…

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Filed under: News - @ February 6, 2025 10:21 am