BlackRock to Launch Bitcoin ETP in Europe
The $10 trillion asset manager BlackRock will launch a Bitcoin ETP in Europe that is tied to its Spot Bitcoin ETF in the United States. Indeed, the $58 billion US ETF tracking BTC will be available overseas, according to Bloomberg sources. JUST IN: BlackRock to launch Bitcoin ETP in Europe, Bloomberg reports. — Watcher.Guru (@WatcherGuru) February 5, 2025 The fund will likely be domiciled in Switzerland, according to people familiar with the plans who were not authorized to discuss the matter publicly. BlackRock could start marketing the Bitcoin ETP in Europe as soon as this month, one person said. BlackRock has yet to comment or confirm the announcement. 2024 was always an important year for the cryptocurrency sector. Yet, it has gone as well as anyone could’ve imagined. The United States approved two crypto-based ETFs throughout the year, with Bitcoin setting a record price mark not once, not twice, but three times over the last ten months. That has led to equally impressive perform...