The post Bitcoin price eyes $96K Support as BlackRock ETFs Enter Europe appeared on BitcoinEthereumNews.com.

Bitcoin price consolidated within the narrow 5% range between $95,000 and $100,000 on Wed Feb 5, as markets struggled under bearish headwinds from the US-China trade war. Will Blackrock expansion of Bitcoin ETFs to Europe could sway momentum?  Bitcoin (BTC) Consolidates as BlackRock’s ETF Expansion Eyes Europe Bitcoin (BTC) remained tightly range-bound between $95,000 and $100,000 on Wednesday, Feb. 5, as broader markets faced bearish pressures stemming from geopolitical tensions. The renewed escalation in US-China trade disputes triggered uncertainty across global equities, leading to capital flight into safe-haven assets, including Bitcoin. Bitcoin Price Action, Feb 5, 2025 | Source: TradingView As seen above, BTC price is consoldiating above the $96,45 level at press time on Feb 5, amid these macroeconomic headwinds, BlackRock’s move to introduce a Bitcoin ETF in Europe could provide a counterbalance or BTC price action in the days ahead. With institutional demand for digital assets surging, the world’s largest asset manager is positioning itself to capitalize on growing investor appetite across international markets. BlackRock Set to Launch Bitcoin ETF in Europe BlackRock Inc., the world’s largest asset manager, is preparing to list an exchange-traded product directly tied to Bitcoin in Europe. This move follows the overwhelming success of its US-based Bitcoin ETF, which has already amassed $58 billion in assets under management. According to Bloomberg sources, the fund is likely to be domiciled in Switzerland, a jurisdiction known for its crypto-friendly regulatory environment. Marketing efforts for the European ETF could begin as early as this month, although BlackRock has yet to confirm an official launch date. Blackrock Total Crypto Holdings as of Feb 5, 2025 | Source: ArkhamIntellingence The firm’s growing involvement in the Bitcoin market is underscored by its extensive holdings. Data from Arkham Intelligence reveals that BlackRock currently holds 582,000 BTC, making it the largest…

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Filed under: News - @ February 6, 2025 8:19 am