 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
 |
|
BlackRock, the world's largest asset manager, has finally unveiled its highly anticipated physically-backed Bitcoin ETP in Europe.
BlackRock, the world’s largest asset manager, has launched its iShares Bitcoin ETP (IB1T) with a total expense ratio (TER) of 0.15%.
The ETP, which is being launched in Europe, is a physical product, backed by Bitcoin and domiciled in Switzerland. It will be fully funded by Coinbase and the Bitcoin will be held in cold storage.
It is listed on Euronext Paris, Deutsche Boerse and Euronext Amsterdam, and trades under the ticker “IB1T”.
The iShares Bitcoin ETP is a new addition to BlackRock’s expanding suite of crypto products. Earlier this year, BlackRock launched the iShares Bitcoin Trust ETF (IBIT) in the U.S.
This product, which is also physically backed by Bitcoin, has become the fastest-ever ETF to reach $50 billion in assets. As of the last update, IBIT stands at $49.9 billion.
Also, BlackRock is expanding its crypto ETP offering to Europe following strong demand from investors. A recent survey by BlackRock and Focal Data found that 75% of professional investors are interested in an ETP in Bitcoin within the next two years.
Commenting on the launch, Jane Sloan, EMEA Head of Global Product Solutions at BlackRock, said: “We are seeing increasing interest from investors in Europe in accessing the digital asset markets in a familiar and efficient manner.
“With 25 million crypto investors across Europe and huge interest in new products, we believe ETPs have an important role to play to build a bridge between crypto and traditional finance through their efficiency and convenience.”
Europe is still lagging behind the U.S. in the crypto ETP market, with the largest product in Europe having just $1.3 billion in assets.
Last year, Valour, a subsidiary of DeFi Technologies, announced the launch of the first short spot ETP for Bitcoin (BTC) in the Nordics market.
This product, which is listed on Euronext Growth in Stockholm, allows investors to easily take a short position on the price of Bitcoin.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
