BlackRock Launches Bitcoin ETP in Europe, Expanding Global Cryptocurrency Investments

BlackRock, the world's largest asset management company, has launched a Bitcoin exchange-traded product (ETP) in Europe beyond the US market, and is a cryptocurrency investment product.
BlackRock has listed its iShares Bitcoin ETP on major European stock exchanges, including Jetra, Euronext Amstem, and Euronext Paris.
The listing builds on the success of BlackRock's iShares Bitcoin Trust ETF in the U.S. market, which currently holds 100,000 shares of Bitcoin's total supply.
Algoz is the leader in the U.S. Bitcoin ETF market, with $50.7 billion in assets under management, or 2.73% of the market. Stephen
"It remains to be seen whether the introduction of the iShares Bitcoin ETP will have the same reaction in the European market as it did in the U.S.," Wundke told Cointelegrap.
The reason is that Europe already offers many high-quality investment products through regulated asset management companies, and it is also easier to buy Bitcoin directly.
However, while he said, "It's positive that traditional European family offices now have the opportunity to allocate assets to 'digital gold,'" he also said, "The US's
"Don't expect a $60 billion buying frenzy in the first quarter like we saw in the past," he added. The new ETP is listed under the title "IB1T" on Jetra and Euronext Paris.
It is traded on the Euronext Marketplace and uses the symbol "BTCN" on the Euronext Marketplace.