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BlackRock’s Bitcoin ETP Launches in Europe: Details
In a major development for the cryptocurrency market, institutional giant BlackRock has officially launched its Bitcoin exchange-traded product (ETP) in Europe. The launch is a significant milestone, as it marks another step forward in the mainstream adoption of cryptocurrencies.
The newly introduced ETP will track the value of Bitcoin and allows investors to buy and sell shares that are backed by the digital asset. This innovative approach aims to make it easier for institutional investors to gain exposure to the cryptocurrency market.
It’s worth noting that BlackRock has already made a significant impact in the space, as they have been offering a spot Bitcoin ETF since January last year. The IBIT ETF is the largest spot BTC ETF, holding roughly half a million Bitcoin valued at approximately $48 billion.
The success of this fund highlights the growing demand for cryptocurrencies among institutional investors.
BlackRock’s move into the European market also marks a significant shift in the industry landscape.
Source: https://u.today/blackrocks-bitcoin-etp-launches-in-europe-details
