BlackRock Makes Its Debut in Europe with Pioneering BTC ETP
Financial powerhouse BlackRock is set to introduce its BTC exchange-traded product (ETP) in Europe. This initiative follows the triumph of BTC ETPs in the US, which successfully established a $48 billion digital currency sector.
BREAKING:
BLACKROCK Bitcoin ETPS IN EUROPE ARE LAUNCHING TODAY
THIS IS HUGE!!
— Crypto Rover (@rovercrc) March 25, 2025
A Bloomberg article published on 25 March 2025 disclosed that the iShares Bitcoin ETP will be listed on Xetra and Euronext Paris with the ticker IB1T, and on Euronext Amsterdam under BTCN.
This allows the growing European crypto holder community to gain access to BlackRock’s effective BTC ETP framework.
Discussing BlackRock’s expansion in Europe, Manuela Sperandeo, head of Europe & Middle East iShares Product at BlackRock, remarked, “This marks what could be seen as a pivotal moment in the sector — the merging of strong demand from retail investors with a significant influx of professionals entering the crypto market.”
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BlackRock’s European Listed Bitcoin ETP Is Based in Switzerland
BlackRock has been keen on enhancing its offerings in Europe. In a conversation with Reuters on 20 March 2025, a company executive stated that BlackRock is focusing on a broader array of retail-oriented products, including additional exchange-traded funds, to engage a new cohort of Europeans in investing.
The BTC ETP listed in Europe will launch with a temporary fee reduction of 10 basis points — lowering its expense ratio to 0.15% until this year’s end.
Dirk Klee, Country Head for Switzerland, commented, “There’s a significant Swiss influence in the iShares Bitcoin ETP. BlackRock Switzerland played a vital role in its creation.”
“We believe that ETPs can facilitate a connection between the worlds of crypto and traditional finance, given their efficiency and accessibility,” he concluded.
Notably, the underlying Swiss special purpose vehicle (SPV) is exempt from Swiss stamp duty on both acquisitions and disposals.
The largest asset manager globally, overseeing more than $4.4 trillion in assets, is anticipated to lend credibility to the European trading market and draw in greater investor engagement.
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Key Takeaways
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BlackRock is introducing its BTC exchange-traded product (ETP) in Europe.
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BlackRock has been working to broaden services in Europe.
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The firm is focusing on an enhanced variety of retail-oriented products, including more exchange-traded funds, to draw in a new generation of European investors.
The article BlackRock Enters Europe With Landmark BTC ETP first appeared on 99Bitcoins.
