Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
BlackRock Set to Launch Bitcoin ETP in Europe Amid Rising Institutional Demand

BlackRock Set to Launch Bitcoin ETP in Europe Amid Rising Institutional Demand

UnlockMediaUnlockMedia2025/02/06 10:00
By:News DeskNews Desk

BlackRock (BLK.N) is preparing to launch a bitcoin exchange-traded product (ETP) in Europe within weeks, a source familiar with the matter told Reuters, as demand for cryptocurrency exposure continues to grow among both institutional investors and retail consumers.

The product is expected to be domiciled in Switzerland, the source added. In recent months, BlackRock has also established a Zurich-based entity, iShares Digital Assets AG, focused on digital assets, according to a regulatory filing. BlackRock declined to comment on the development.

The Wall Street giant was among the first institutional players to introduce exchange-traded products tracking bitcoin’s spot price following the U.S. Securities and Exchange Commission’s approval of such funds in January 2024. The SEC’s decision was a milestone for the crypto industry, fueling optimism about the mainstream adoption of digital assets.

BlackRock’s flagship bitcoin ETF, IBIT, has seen rapid growth, with net assets reaching $57.5 billion as of Feb. 4, according to the company’s website. However, access to U.S.-based crypto investment products remains restricted for some global investors, making a European offering particularly significant. Bloomberg was the first to report on BlackRock’s European expansion plans.

While the U.S. crypto sector has welcomed Donald Trump’s election and his pro-crypto stance, the industry in Europe is navigating a more stringent regulatory environment. The European Union’s Markets in Crypto-Assets Regulation (MiCA), introduced in early 2023, is gradually being implemented, bringing new compliance requirements for crypto businesses operating in the region.

* Read our disclaimer
4

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!