Blackrock, the world’s largest asset management firm, is set to expand its cryptocurrency investment products by launching a spot Bitcoin exchange-traded product (ETP) in Europe. The move follows the remarkable success of its U.S.-listed Bitcoin exchange-traded fund (ETF), which has amassed nearly $60 billion in assets. According to sources cited by Bloomberg, the new fund is expected to be based in Switzerland, with promotional efforts potentially beginning as soon as this month.<\/p>\n
Although cryptocurrency ETPs have existed in Europe for several years, this marks Blackrock’s first venture into the region’s digital asset market. The firm already holds a dominant position in the exchange-traded fund industry, managing over $4.4 trillion in ETF-related assets. With this new Bitcoin ETP, Blackrock aims to cater to the rising institutional demand for cryptocurrency investment<\/a> options in Europe.<\/p>\n Larry Fink, Blackrock’s Chief Executive Officer, has recently voiced strong support for Bitcoin as a hedge against currency devaluation. Speaking at the World Economic Forum in Davos<\/a>, Fink highlighted Bitcoin’s potential role in institutional portfolios, citing discussions with sovereign wealth funds about allocating 2% to 5% of their holdings to the cryptocurrency. He suggested that widespread institutional adoption could drive Bitcoin’s price to levels between $500,000 and $700,000.<\/p>\n Fink further emphasized Bitcoin’s appeal as a financial safe haven, particularly for investors in regions facing economic instability or currency devaluation. He explained that Bitcoin provides an internationally recognized financial instrument that can serve as protection against local economic concerns.<\/p>\n The past year has seen a surge in institutional interest in Bitcoin, largely driven by the introduction of multiple spot Bitcoin ETFs in the U.S. Bloomberg data reveals that 12 such funds have collectively attracted approximately $116 billion. Blackrock’s iShares Bitcoin Trust (IBIT)<\/a> has been a standout performer, recording the most successful ETF debut to date. As of February 6, IBIT holds around 585,732 BTC, with a market valuation exceeding $56.5 billion. Its rapid growth has surpassed many traditional ETFs, demonstrating the increasing demand for cryptocurrency-based financial products among institutional investors.<\/p>\n Bitcoin’s value has reached record highs since the re-election of U.S. President Donald Trump, fueled by expectations of clearer regulatory policies and evolving political conditions. While U.S.-based Bitcoin funds have seen significant capital inflows, Europe’s cryptocurrency ETP market remains smaller by comparison. Currently, the European market comprises over 160 cryptocurrency-tracking products<\/a>, including those for Bitcoin and Ethereum, with a combined market value of approximately $17.3 billion.<\/p>\n With its European Bitcoin ETP, Blackrock aims to capitalize on the growing institutional interest in digital assets while expanding its presence in the global cryptocurrency investment landscape. As institutional adoption continues to rise, this new offering could help bridge the gap between traditional finance and the expanding crypto market.<\/p>\n 𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗥𝗲𝗮𝗰𝗵 𝘄𝗶𝘁𝗵 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗘𝗧𝗣 𝗣𝗼𝘀𝘁 𝗨.𝗦. 𝗘𝗧𝗙 𝗦𝘂𝗰𝗰𝗲𝘀𝘀<\/p>\n BlackRock is set to launch a Bitcoin Exchange-Traded Product (ETP) in Europe, aiming to start trading this month, insiders reveal. This follows the… pic.twitter.com\/eQKG8i4JWU<\/a><\/p>\n — The Rio Times (@TheRioTimes) February 6, 2025<\/a><\/p><\/blockquote>\nGrowing Interest in Bitcoin Investments and Blackrock’s Role<\/h2>\n
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