BlackRock Debuts Bitcoin ETF In Europe Following Blockbuster IBIT Success
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BlackRock has launched a new Bitcoin exchange-traded product (ETP) in Europe, following the massive success of its US-listed IBIT. The European IBIT will trade on multiple exchanges with a temporary reduced fee of 0.15%, positioning itself competitively in the $13.6 billion European crypto ETP market. Coinbase will custody the digital assets, and the product aims to capitalize on growing institutional and retail investor interest in Bitcoin.
March 26, 2025 | 7:30 pm
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POSITIVE IMPACT
BlackRock's expansion of its Bitcoin ETP to Europe, following its successful US launch, may further legitimize Bitcoin as an investable asset and potentially drive increased demand.
The launch of a low-cost Bitcoin ETP by a major asset manager like BlackRock in Europe could attract more institutional and retail investors, potentially increasing Bitcoin's price and market adoption.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Coinbase will serve as the digital asset custodian for BlackRock's new European Bitcoin ETP, potentially enhancing its institutional credibility and service offerings.
Coinbase's selection by BlackRock as the custody provider for its European Bitcoin ETP signals strong institutional trust and could positively impact the company's market perception and potential future crypto custody contracts.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80