BlackRock Launches First Bitcoin Product in Europe

altcoin chronicle

25 Mar 2025 — 1 min read

BlackRock, the world's largest asset manager, has introduced its inaugural bitcoin exchange-traded product (ETP) in Europe to cater to the growing demand for cryptocurrency investments. The 'iShares Bitcoin ETP' is based in Switzerland and is available for trading in Paris, Amsterdam, and Frankfurt.

Following its success in the U.S., where it attracted over $50 billion into similar bitcoin-tracking products, BlackRock has expanded its offerings to European markets. The product is managed in partnership with Coinbase, serving as the custodian, and Bank of New York Mellon as the administrator.

This launch follows the Securities and Exchange Commission's approval of bitcoin exchange-traded products in the United States starting in January 2024.

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China Debates Management of Seized Cryptocurrencies

Russia Advocates for Development of Domestic Stablecoins

Kraken Lays Off Hundreds Ahead of Planned IPO

Bhutan Embraces Green Cryptocurrency Mining to Boost Economy