BlackRock launches first bitcoin product in Europe

Published 03/25/2025, 04:42 AM
Updated 03/25/2025, 03:25 PM
© Reuters. FILE PHOTO: The BlackRock logo is pictured outside its headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021.  REUTERS/Carlo Allegri/File Photo

LONDON (Reuters) - BlackRock (NYSE:BLK) has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new markets after attracting more than $50 billion into similar products in the United States.

The world’s largest asset manager has launched its ’iShares Bitcoin ETP’, according to a BlackRock product page online, which is domiciled in Switzerland and listed in Paris, Amsterdam and Frankfurt.

Reuters previously reported on the planned launch last month. BlackRock declined to comment.

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.

It has partnered with Coinbase (NASDAQ:COIN) as custodian and Bank of New York Mellon (NYSE:BK) as administrator on the latest product, the page said.

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