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**World’s Largest Asset Manager BlackRock Unveils First Bitcoin ETP In Europe**
BlackRock, the world’s largest asset manager, has made a significant move in the cryptocurrency space by unveiling its first-ever Bitcoin exchange-traded product (ETP) in Europe. This development marks a major milestone in the mainstream adoption of digital assets and highlights the increasing interest among institutional investors.
The new ETP, which tracks the price of Bitcoin, is expected to be listed on several European stock exchanges, including the SIX Swiss Exchange, Deutsche Boerse Xetra, and London Stock Exchange (LSE) in the coming weeks. This move not only underscores BlackRock’s commitment to offering innovative investment products but also paves the way for institutional investors to participate directly in the cryptocurrency market.
The BUIDL tokenized fund is a significant development that highlights the growing demand for digital assets as an alternative investment opportunity. The asset manager’s entry into this space signals a major shift in the global financial landscape, as mainstream institutions increasingly recognize the potential of cryptocurrencies and blockchain technology.
As Bitcoin continues to make waves, its price has recently surged, reaching $88,000 on the daily chart.
Source: https://bitcoinist.com/blackrock-unveils-first-bitcoin-etp-in-europe/