BlackRock plans to launch a Bitcoin ETP in Europe
BlackRock is planning to launch a Bitcoin ETP in Switzerland. This move follows the success of BlackRock’s US Bitcoin ETF. The Bitcoin ETP could boost crypto adoption with the EU’s MiCA regulations. BlackRock Inc., the world’s largest asset manager, is gearing up to launch a Bitcoin Exchange-Traded Product (ETP) in Europe, marking another significant step in the firm’s expansion into the cryptocurrency market. The new ETP product is set to be registered in Switzerland. This move follows the resounding success of BlackRock’s $58 billion US Bitcoin ETF. The success of BlackRock’s US Bitcoin ETF, which by early February 2025 had gathered $57.5 billion in net assets, speaks volumes about the investor appetite for such products. CEO Larry Fink’s remarks at the World Economic Forum in Davos highlighted Bitcoin’s potential as a hedge against currency debasement, suggesting a broader acceptance of cryptocurrencies as a...