Preface

BlackRock, the renowned asset management firm, is making a significant move in the cryptocurrency market by launching a Bitcoin Exchange-Traded Product (ETP) in Europe. This marks BlackRock's first venture into the crypto space outside of North America, indicating a growing interest and confidence in the digital currency arena.

Lazy bag

BlackRock's European Bitcoin ETP, trading under IB1T and BTCN, signifies a major step in their global crypto strategy outside North America. With reduced fees, it aims to attract investors.

Main Body

The decision by BlackRock to list a Bitcoin ETP in Europe is a pivotal moment for the financial giant as it expands its cryptocurrency offerings beyond the United States. This strategic move is seen as a response to the increasing demand for digital assets among European investors seeking to diversify their portfolios and capitalize on the rising popularity of cryptocurrencies.

The new ETP, known as the iShares Bitcoin ETP, will be available for trading on Xetra and Euronext in Paris under the ticker IB1T, and on Euronext Amsterdam as BTCN. This product allows investors to gain exposure to Bitcoin without directly owning the cryptocurrency, offering a convenient and regulated method to participate in the digital asset market.

With a proven track record in managing the largest U.S. spot bitcoin ETF known as the iShares Bitcoin Trust ETF (IBIT), BlackRock brings significant expertise and credibility to the European crypto market. The U.S. ETF currently holds net assets exceeding $50 billion, with substantial net inflows, highlighting BlackRock's successful management and investor confidence in Bitcoin investments.

Coinbase, a leading cryptocurrency exchange platform, provides custody services for the IBIT in the United States and will extend similar services for the newly introduced European ETP. This partnership ensures the safe and secure storage of Bitcoin assets, addressing a critical component of investor concerns when dealing with digital currencies.

In a bid to attract investors across Europe, BlackRock has temporarily reduced the management fee for the ETP by 10 basis points to 0.15% until the end of 2025. This fee incentive aims to enhance the product's competitiveness, making it appealing to a broader range of investors.

The introduction of BlackRock's Bitcoin ETP in Europe reflects the company's confidence in the long-term potential of Bitcoin and its role in the future of finance. As more financial institutions embrace digital assets, the market is likely to see continued growth and development.

Key Insights Table

Aspect	Description
New ETP Markets	BlackRock's Bitcoin ETP will be listed in Europe on Xetra, Euronext Paris, and Amsterdam.
Fee Reduction	The ETP fee is reduced to 0.15% until the end of 2025, encouraging investor participation.
Custody Services	Coinbase will provide custody services similar to those for the U.S. IBIT.

Last edited at：2025/3/25