BlackRock wants to offer a Bitcoin ETF in Europe as well

0

Last Updated on 26 March 2025 by CryptoTips.eu

Seeing the success of their Bitcoin ETF offering in the US last year, BlackRock now wants to expand the market to Europe. Although there is no official comment from the world’s largest asset manager, the creation of a website seems to be the beginning of such an operation. The news was reported by Reuters and Bloomberg but so far BlackRock has not commented.

Advertentie.

Summer

During the summer of 2023, BlackRock, the world’s largest investment fund, announced that they had filed for a Bitcoin ETF, a fund that would allow ordinary, usually older, investors to purchase Bitcoin through BlackRock without having to open a crypto wallet on a platform.

Bitcoin’s price has been steadily rising ever since then as analysts knew that an ETF application from BlackRock would almost always be approved by the SEC (the US securities watchdog). In January 2024, their ‘iShares Bitcoin ETF’ was indeed officially launched.

Fink

That ETF has been such a huge success in the United States that Larry Fink, longtime CEO of BlackRock, is convinced he can repeat the feat in Europe.

According to a report from Bloomberg, the iShares Bitcoin ETP will trade on Xetra and Euronext Paris under the ticker IB1T as well as on Euronext Amsterdam as BTCN.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
View all posts