Source: Cointelegraph Original: "{title}"

As the world's largest asset management company, BlackRock has launched Bitcoin exchange-traded products (ETPs) on multiple European stock exchanges.

According to BlackRock's product page, the iShares Bitcoin ETP began trading on March 25 on Xetra, the Amsterdam Euronext, and the Paris Euronext. This launch follows the success of its iShares Bitcoin Trust exchange-traded fund (ETF) in the U.S. market, which currently manages $50.7 billion in assets, accounting for approximately 2.73% of the total Bitcoin supply and dominating the U.S. market.

Stephen Wundke, Director of Strategy and Revenue at crypto investment firm Algoz, told Cointelegraph: "The launch of the iShares Bitcoin ETP in Europe may not generate the same response as in the U.S.":

"Compared to the U.S., it is easier to access high-quality investment products offered by regulated asset management companies across Europe, and it is also easier to purchase Bitcoin. […] However, traditional family offices across Europe can undoubtedly hold a small portion of their asset base in 'digital gold'. […] Just don't expect $60 billion in purchases in the first quarter."

The new ETP trades under the ticker IB1T on Xetra and the Paris Euronext, while it uses BTCN on the Amsterdam Euronext. Bloomberg previously reported that the company was preparing to launch this new product, following its launch of a Bitcoin ETF on the CBOE in Canada.

Details of BlackRock's iShares Bitcoin ETP. Source: BlackRock

According to Bloomberg, the product was launched with a temporary waiver of 10 basis points in fees, reducing the expense ratio to 0.15% until the end of 2025. The leading crypto ETP in Europe is the CoinShares Physical Bitcoin ETP, which currently charges a fee of 0.25%, making BlackRock's product significantly cheaper during the waiver period.

Wundke stated: "There is no doubt that BlackRock's aggressive fee structure is designed to exclude competitors from the market and to question the commitment of any new entrants."

Wundke added, "This competition is beneficial for investors and ultimately advantageous for digital currencies," emphasizing that market participants will have to compete to offer the best products to investors.

This is BlackRock's first issuance of a crypto ETP outside of North America. Manuela Sperandeo, Head of iShares Products for Europe and the Middle East at BlackRock, told Bloomberg:

"This [launch] reflects a phenomenon in the industry that can truly be seen as a turning point—the combination of existing demand from retail investors and the fact that more professionals are now genuinely getting involved."

Ajay Dhingra, Head of Research at decentralized exchange aggregator Unizen, told Cointelegraph that this move reflects BlackRock's confidence in the EU's Markets in Crypto-Assets (MiCA) regulatory framework:

"From Trump to Biden, and now back to Trump, U.S. digital asset policy has been largely inconsistent. In contrast, the EU has steadily embraced compliant blockchain adoption—providing the regulatory stability that businesses seek."

BlackRock's recent earnings report shows that the company manages an average of over $11.55 trillion in assets in the fourth quarter of 2024. In addition to the leading Bitcoin ETF, the company has also launched the Grayscale Ethereum Trust ETF—this is the top Ethereum ETF managing assets of $3.46 billion.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。