BlackRock taps Solana for BUIDL tokenized fund as Bitcoin ETP debuts in Europe
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BlackRock has made two significant moves in the crypto space: launching a Bitcoin ETP in Europe with a competitive 0.15% fee and expanding its BUIDL tokenized money market fund to the Solana blockchain. The Bitcoin ETP will trade on major European exchanges, while the BUIDL fund now supports seven blockchain networks, highlighting BlackRock's growing crypto strategy.
March 25, 2025 | 4:00 pm
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POSITIVE IMPACT
BlackRock's iShares Bitcoin Trust (IBIT) is extending its reach by launching a Bitcoin ETP in Europe with a competitive 0.15% fee, potentially attracting more institutional investors.
The European ETP launch demonstrates BlackRock's commitment to crypto, potentially driving more institutional interest and increasing Bitcoin's legitimacy as an investment asset.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
BlackRock's decision to expand its BUIDL tokenized fund to Solana validates the blockchain's technical capabilities, particularly its speed and low transaction costs.
BlackRock's selection of Solana demonstrates the blockchain's technical strengths and could attract more institutional interest, potentially boosting SOL's market perception.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80