- BlackRock launches iShares Bitcoin ETP in Europe with a fee reduction.
- Product listed on Xetra and Euronext Paris.
- Expected $10 billion market boost with temporary fee cut.
BlackRock, the world’s largest asset manager, will launch the iShares Bitcoin ETP in Europe on March 25, 2025. It will be listed on Xetra, Euronext Paris, and Amsterdam with a fee reduction until year’s end.
This launch signifies BlackRock’s confidence in Bitcoin’s market potential. The product reductions may increase accessibility for European investors and boost the reputation of crypto exchange-traded products.
BlackRock’s Bitcoin ETP: A $10 Billion Market Catalyst
BlackRock has announced its iShares Bitcoin ETP launch in Europe with a listing of IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam. The fee reduction of 10 basis points lowers fees to 0.15%.
Immediate changes include increased market interest as this may activate significant investor engagement. The European ETP sector, valued at $17.3 billion, is anticipated to expand.
The crypto community has responded with anticipation. Industry analysts predict a potential $10 billion market influx. Larry Fink, BlackRock CEO, described Bitcoin as a potential hedge against currency debasement. Samara Cohen, Head of Global Markets, BlackRock, noted, “Being able to gain Bitcoin exposure via the ETP wrapper has proven to be a compelling combination for investors.”
Bitcoin at $86,622: Price Trends and BlackRock’s Role
Did you know? BlackRock’s Bitcoin ETP launch follows the success of its iShares Bitcoin Trust in the US in January 2024, which amassed $57-58 billion in assets.
Bitcoin, known for its market dominance, is currently priced at $86,622, according to CoinMarketCap. Its market cap stands at $1.72 trillion, commanding a 60.56% market share. The 24-hour trading volume is $32.73 billion, with a substantial volume change of 63.01%. The past 30 days show an overall decline of 10.11% in price, while the 90-day decrease records 11.75%. The current supply is approximately 19.84 million, with a maximum threshold of 21 million BTC.
Financial experts suggest this move could drive further institutional adoption. A potential increase in regulatory acceptance may follow. Analyst commentary highlights the significance of integrating traditional asset management with crypto offerings, as it may signal a fundamental economic shift in how cryptocurrencies are perceived among institutional investors.
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