貝萊德正式在歐洲列出了比特幣交換的產品

根據彭博社的說法，新的ETP稱為ISHARES BITCOIN ETP，將於週二在Xetra和Euronext Paris下開始交易。

BlackRock, Inc. (NYSE:BLK) is introducing its iShares Bitcoin ETP (exchange-traded product) on Xetra and Euronext Paris on Tuesday, marking the firm’s first crypto ETP outside of North America.

BlackRock，Inc。（NYSE：BLK）於週二在Xetra和Euronext Paris上引入其Ishares Bitcoin ETP（交易所交易產品），這標誌著該公司在北美以外的第一個加密ETP。

The new ETP, which will trade under the ticker IB1T and begin trading in Amsterdam under BTCN, follows the successful launch of BlackRock’s U.S. Bitcoin fund. Having no startup fee, the iShares Bitcoin Trust launched in January with a 10-basis point tempory fee, cutting the e xpense ratio to 0.15% until the end of 2025. Afterward, it will return to 0.25%, matching the fee of CoinShares’s $1.3 billion physical Bitcoin product, which currently leads the European market in assets.

新的ETP將在股票IB1T下進行交易，並在BTCN下開始在阿姆斯特丹進行交易，遵循BlackRock的美國比特幣基金的成功啟動。 Ishares比特幣信託基金（Ishares Bitcoin Trust）在一月份發起了10個基點的省點費用，將E Xpense比率降低到0.15％，直到2025年底。此後，它將返回0.25％，與Coinshares的130億美元物理幣產品相匹配，目前是歐洲市場，這是歐洲市場中的歐洲市場。

The iShares Bitcoin ETP will be physically backed by Bitcoin and held by Coinbase (NASDAQ:COIN) Global Inc (NASDAQ:COIN), with the product available to both institutional clients and qualified retail investors. It will be issued through a Swiss-based special purpose vehicle.

Ishares比特幣ETP將由比特幣（NASDAQ：COIN）Global Inc（NASDAQ：COIN）持有的比特幣，並提供機構客戶和合格的零售投資者的產品。它將通過基於瑞士的專用車輛發行。

Manuela Sperandeo, who leads iShares Product for Europe and the Middle East at BlackRock, said the firm is seeing interest in crypto rising across the board.

領導歐洲和貝萊德（Blackrock）中東產品產品的曼努埃拉·斯佩蘭德（Manuela Sperandeo）表示，該公司看到對加密貨幣的興趣全面上升。

“It reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold,” Manuela said.

曼努埃拉說：“這反映了實際上可以看作是行業的臨界點 - 散戶投資者與越來越多的專業人士的既定需求結合在一起。”

Even though Bitcoin ETPs have been present in Europe for several years now, the market is still relatively small, with around $13.6 billion in total assets across various products. In comparison, the U.S. saw crypto ETPs explode after the Securities and Exchange Commission approved several spot Bitcoin ETFs.

即使比特幣ETP在歐洲已經存在了幾年，但市場仍然相對較小，各種產品的總資產約為136億美元。相比之下，美國證券交易委員會批准了幾個比特幣ETF之後，美國看到加密ETP爆炸。

BlackRock’s U.S. version, the iShares Bitcoin Trust, reached $48 billion in assets in a little over a year, quickly becoming a hot topic. Meanwhile, the European launch comes after months of anticipation and silent buildup.

貝萊德（Blackrock）的美國版本，iShares比特幣信託基金（Ishares Bitcoin Trust）在一年多的時間內達到了480億美元的資產，迅速成為一個熱門話題。同時，歐洲發射是經過數月的預期和沈默的積累。

The European expansion also comes as BlackRock is reporting record financial results. In the fourth quarter of 2024, the firm’s assets under management reached $11.6 trillion, up from $11.48 trillion in Q3 and $10.01 trillion the year before, breaking company records. The firm also saw a 21% jump in profits, closing the quarter with $1.67 billion in net income, or $10.63 per share, compared to $1.38 billion, or $9.15 per share, a year earlier.

歐洲的擴張也隨著貝萊德報導創紀錄的財務業績而來。在2024年的第四季度，該公司的管理資產達到了11.6萬億美元，高於前一年的11.48萬億美元，損失公司的記錄。該公司的利潤增長了21％，淨收入為16.7億美元，即每股10.63美元，而一年前，每股16.7億美元，每股9.15美元。

Long-term net inflows in Q4 reached $201 billion, while total net inflows came in at $281.4 billion, more than doubling from $95.6 billion in the fourth quarter of the previous year. The majority of that went into ETFs, which brought in $142.6 billion, and fixed-income products, which received $23.8 billion.

第四季度的長期淨流入量達到2010億美元，而總淨流入量為2814億美元，從上一年第四季度的956億美元翻了一番。其中大多數進入了ETF，這帶來了1426億美元和固定收益產品，獲得了238億美元。

The growth is being credited to strong market performance and client momentum, especially after Donald Trump’s presidential win in November 2024, which sparked a U.S. stock market rally on anticipation of tax cuts and deregulation.

增長歸功於強勁的市場表現和客戶勢頭，尤其是在唐納德·特朗普（Donald Trump）在2024年11月贏得總統勝利之後，這引發了美國股票市場的預期減稅和放鬆管制。

The company’s buying spree also played a role in its expanding influence. In 2024 alone, BlackRock spent roughly $25 billion acquiring Global Infrastructure Partners, an infrastructure fund, and HPS Investment Partners, a private credit firm. Those deals pushed the firm deeper into private markets, where growth has been outpacing traditional public investments.

該公司的購買狂潮也在其不斷擴展的影響力中發揮了作用。僅在2024年，BlackRock就花費了大約250億美元收購全球基礎設施合作夥伴，基礎設施基金，以及HPS Investment Partners（一家私人信貸公司）。這些交易使公司更深入地進入了私人市場，在這些市場上增長一直超過傳統的公共投資。

Larry Fink, BlackRock’s CEO, had interesting observations on how clients are responding to the firm’s aggressive moves.

貝萊德（Blackrock）首席執行官拉里·芬克（Larry Fink）對客戶如何應對公司的積極舉動有了有趣的觀察。

“For many companies, periods of M&A contribute to a pause in client engagement. At BlackRock, clients are instead embracing and rewarding our strategy,” Larry said in a statement last year.

拉里在去年的一份聲明中說：“對於許多公司而言，併購期間有助於客戶參與度。

The company’s performance was also aided by market tailwinds. The S&P 500 ended Q4 with a 2.1% gain, wrapping up the year with a 23.3% rise—two years of 20%-plus returns. On the global side, the MSCI index for world stocks dropped 1.2% in Q4 but still climbed 15.7% over 2024, marking a second year of gains.

該公司的業績也得到了市場風風的幫助。標準普爾500指數以2.1％的增長結束了第四季度，並以23.3％的增長結束了這一年，兩年為20％以上的回報。在全球方面，世界股票的MSCI指數在第四季度下降了1.2％，但在2024年仍在攀升15.7％，這是第二年的收益。