Features Crypto News by Thebittimes.Com

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...

On Wednesday, Switzerland -based SEBA Bank revealed the opening of a new Hong Kong office to serve global institutional clients. The said initiative is a part of the Crypto Bank ’s Asia-Pacific expansion. THE APAC region is currently an emerging market for cryptos. Hong Kong, as such, has a supportive crypto licensing framework that provides a “valuable base” to tap into the growing demand. Thus, it would help the bank encash the “business potential” in the region. As such, SEBA Hong Kong’s initial activities will focus on consultancy services and market research, as well as engaging strategic partners for its head office in Switzerland. Ludovic Shum, Managing Director at Seba Hong Kong, will oversee the new office. According to the executive’s LinkedIn profile, he previously worked for HSBC, Merrill Lynch, Credit Suisse, and Hong Kong’s financial regulator—The Securities and Futures Commission [SFC]. Why Hong Kong? Commenting on th...