BlackRock Launches Bitcoin Exchange-Traded Product in Europe
The world’s largest asset manager, BlackRock, has launched a Bitcoin exchange-traded product in Europe, according listing details on iShares’ website.
The iShares Bitcoin ETP will trade on Xetra and Euronext Paris, according to its latest filing. The move is in a bid to tap growing demand for cryptocurrency.
The company venture into Europe after attracting more than $50 billion into similar products in the United States.
BlackRock was one of the first institutional investors to offer exchange-traded products in the U.S. to track the spot price of bitcoin after the Securities and Exchange Commission first approved them in January 2024.
The company also signed a memorandum of understanding with Emirates NBD to establish an investment platform that will provide the bank’s wealth clients access to alternatives.
BlackRock and Emirates NBD Asset Management will roll out an initial set of offerings targeting income and growth strategies for the United Arab Emirates.
BlackRock will also support Emirates NBD Asset Management’s plans to expand its private markets offering by providing marketing, education, training, technology and other services, the companies said. #BlackRock Launches Bitcoin Exchange-Traded Product in Europe#
