BlackRock, global asset management giant, has launched a new Bitcoin exchange-traded product (ETP) in Europe. This is the first crypto-linked offering outside of North America. The new iShares Bitcoin ETP will trade under the IB1T ticker on Xetra and Euronext Paris, and under the BTCN ticker on Euronext Amsterdam.
BlackRock has offered a temporary fee waiver of 10 basis points valid until the end of the year to attract investors. The expansion in Europe is supported by increasing retail and institutional demand. Despite having over 160 crypto ETPs in Europe, the market is smaller than in the U.S. U.S. spot Bitcoin ETFs control 91% of the global market due to low costs and high liquidity.
BlackRock has offered a temporary fee waiver of 10 basis points valid until the end of the year to attract investors. The expansion in Europe is supported by increasing retail and institutional demand. Despite having over 160 crypto ETPs in Europe, the market is smaller than in the U.S. U.S. spot Bitcoin ETFs control 91% of the global market due to low costs and high liquidity.