BlackRock准备在欧洲推出比特币ETP，以机构投资者为目标

传统的金融和比特币正在继续更加近。在美国比特币ETF在美国取得了巨大的成功之后，全球最大的资产经理贝莱德（Blackrock）准备采取新的步骤：在欧洲推出了比特币交易所交易所交易产品（ETP）。

After the resounding success of its Bitcoin ETF IBIT in the United States, BlackRock, the world’s largest asset manager, is preparing to take a new step: the launch of a Bitcoin exchange-traded product (ETP) in Europe, according to a report published by Bloomberg on February 5. This fund, which will be domiciled in Switzerland, reflects the growing desire of financial institutions to establish a lasting presence in the crypto market.

根据一份报告，在美国最大的资产经理BlackRock凭借其比特币ETF IBIT取得了巨大的成功之后，准备采取新的步骤：在欧洲推出了比特币交换的产品（ETP）。彭博社于2月5日。该基金将在瑞士居住，这反映了金融机构在加密市场中建立持久业务的日益增长的愿望。

While the United States has seen Bitcoin ETFs capture over $57 billion in assets in just a few months, this new product could drastically change the European landscape. Why Switzerland instead of another country? What will be the effects on investors and the institutional adoption of bitcoin in Europe? These are questions that arise as BlackRock accelerates its international offensive.

尽管美国已经看到比特币ETF在短短几个月内捕获了超过570亿美元的资产，但该新产品可能会大大改变欧洲的景观。为什么要瑞士而不是另一个国家？欧洲对投资者和比特币的机构采用会产生什么影响？这些是贝莱德加速其国际进攻时出现的问题。

Europe, a new playground for BlackRock ?

欧洲，贝莱德的新操场？

BlackRock, the world’s largest asset manager, is set to launch a Bitcoin exchange-traded product (ETP) in Europe, with a domicile in Switzerland, according to a report published by Bloomberg on February 5. This initiative is part of the continued success of its spectacular Bitcoin ETF IBIT in the United States, which has attracted $57 billion in net assets since its launch in January 2024.

贝莱德（Blackrock）是世界上最大的资产经理，将在欧洲推出欧洲的比特币交易所交易产品（ETP），并在瑞士的住所发行，据彭博（Bloomberg）于2月5日发布。这项倡议是持续成功的一部分。自2024年1月推出以来，它在美国壮观的比特币ETF IBIT吸引了570亿美元的净资产。

The choice of Switzerland is no coincidence. This country, known for its regulatory framework favorable to digital assets, allows BlackRock to offer European investors a product framed by clear legislation. Unlike the American IBIT ETF, which relies on physical reserves of bitcoin, this European ETP will adopt a different financial structure, offering regulated exposure to bitcoin via a structured product. According to sources cited by Bloomberg, the marketing of the fund could begin as early as this month, confirming BlackRock's intent to rapidly expand its influence in the European market. This announcement reflects the growing interest of large financial institutions in cryptos and the exponential role bitcoin plays in global investment strategies.

瑞士的选择不是巧合。这个以有利于数字资产的监管框架而闻名的国家，允许贝莱德为欧洲投资者提供明确立法的产品。与依靠比特币的物理储量的美国IBIT ETF不同，欧洲ETP将采用不同的财务结构，通过结构化产品提供受监管的比特币的风险。据彭博社（Bloomberg）引用的消息人士称，该基金的营销可能早在本月开始，这证实了贝莱德（Blackrock）的意图迅速扩大其在欧洲市场的影响力。该公告反映了大型金融机构对加密货币的不断增长以及比特币在全球投资策略中的角色效果。

What are the stakes for crypto investment in Europe ?

加密投资在欧洲的赌注是什么？

The success of Bitcoin ETFs in the United States indicates a growing institutional demand for cryptos, a trend that could extend to Europe. In 2024, American Bitcoin ETFs attracted over $35 billion in net investments, representing an average daily inflow of $144 million. This movement, far from being a one-off phenomenon, is expected to intensify in 2025, with projections estimating an additional $48 billion in inflows, according to analysts from Steno Research.

比特币ETF在美国的成功表明，对加密货币的机构需求不断增长，这一趋势可能会扩展到欧洲。 2024年，美国比特币ETF吸引了超过350亿美元的净投资，平均每日流入为1.44亿美元。根据Steno Research的分析师的说法，这一运动远非一次性现象，预计在2025年将加剧，预计估计了额外的480亿美元流入。

BlackRock’s entry into the European market could represent a major change for the adoption of bitcoin by institutional investors, particularly those seeking diversification and protection against inflation and geopolitical uncertainty. JPMorgan emphasizes that bitcoin is now seen as an indispensable asset for investment managers, due to record flows recorded in the crypto ecosystem. If this dynamic is confirmed in Europe, it could accelerate the recognition of bitcoin as a fully-fledged asset class, which would influence its price and the structure of the crypto market as a whole.

贝莱德（Blackrock）进入欧洲市场可能代表了机构投资者采用比特币的重大变化，尤其是那些寻求多元化和保护通货膨胀和地缘政治不确定性的人。摩根大通（JPMorgan）强调，由于加密生态系统中记录的创纪录的流量，比特币现在被视为投资经理的必不可少的资产。如果在欧洲确认了这种动态，它可以加速对比特币作为成熟的资产类别的认可，这将影响其价格和整个加密货币市场的结构。

The launch of a Bitcoin ETP in Switzerland by BlackRock fits into a broader trend where financial giants seek to respond to increasing institutional demand. It remains to be seen whether Europe will adopt the same enthusiasm as the United States, or whether regulatory barriers will continue to hinder the expansion of bitcoin investment products on the continent.

贝莱德（Blackrock）在瑞士推出了比特币ETP，这符合更广泛的趋势，金融巨头试图响应日益增长的机构需求。欧洲是否会采取与美国相同的热情，或者监管障碍是否会继续阻碍比特币投资产品对非洲大陆的扩张还有待观察。

With the launch of a Bitcoin ETP in Switzerland, BlackRock takes a new step in the institutional legitimation of bitcoin. Indeed, in the United States, the rapid rise of Bitcoin ETFs has demonstrated a growing appetite among institutional investors, and Europe could follow this trajectory. However, the acceptance of the European market will largely depend on the reactions of regulators and the attitude of large asset managers towards this new investment tool. Between the opportunity for diversification and caution regarding regulatory risks, the future of bitcoin in Europe may well be decided in the coming months.

随着瑞士的比特币ETP的推出，贝莱德在比特币的机构合法化方面迈出了新的一步。确实，在美国，比特币ETF的迅速增长表明，机构投资者的食欲日益增长，欧洲可以遵循这一轨迹。但是，对欧洲市场的接受将在很大程度上取决于监管机构的反应以及大型资产经理对这种新投资工具的态度。在对监管风险的多元化机会和谨慎的机会之间，在未来几个月中，欧洲比特币的未来很可能会决定。

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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

我是Alyra发行的区块链顾问认证的科学毕业生，我于2019年加入了Cointribuni冒险。坚信区块链有可能改变经济领域的潜力，我承诺提高认识并告知认识并告知人们的意识并告知该区域。公众对这种不断发展的生态系统。我的目标是让每个人都能更好地了解区块链并抓住他们提供的机会。我每天都在努力对新闻进行客观的分析，破译市场趋势，传达最新的技术创新，并将其视为正在进行的革命的经济和社会问题。