BlackRock Introduces Its IShares Bitcoin ETP In Europe

Seasoned investors know it: Bitcoin is a roller coaster. One day at $80,000, the next day in free fall. But those who look at the history of the crypto market from a distance don’t panic. Corrections are part of the game, and BlackRock doesn’t seem disturbed by these fluctuations. The proof? The largest asset manager in the world has just launched its Bitcoin ETP in Europe after a successful launch in the United States.

BlackRock bets on the Bitcoin ETP to conquer Europe

BlackRock is not doing things halfway: its iShares Bitcoin ETP (IB1T) is simultaneously listed on Euronext Paris, Xetra, and Euronext Amsterdam. The goal? To capture the growing interest of European investors in the flagship crypto.

The product is backed by BTC held by Coinbase Custody International, thus ensuring maximum security.

The numbers speak for themselves:

• $50.69 billion in assets under management in the United States;
• $39.8 billion in net inflows;
• $1.97 billion in trading volume in one day.

With a reduced fee ratio of 0.15% until 2025, BlackRock is playing the accessibility card. Will it be enough to convince European traders to jump into the arena?

BTC ETF: a catalyst for institutional investment?

In the United States, BlackRock’s Bitcoin ETF has already conquered the market with record demand. In Europe, the competition is expected to be tighter. Unlike North America, the market for publicly traded crypto products there is only worth $13.6 billion.

However, the trend could reverse with the arrival of the financial giant.

Manuela Sperandeo, head of iShares Europe products at BlackRock, thinks big:

“The combination of established retail demand and growing institutional interest could create a tipping point.” In short, the BTC ETF could serve as a launchpad for an institutional boom in the crypto market.

Despite its ambitions, Bitcoin still struggles to convince the general public as a truly reliable asset. BlackRock is venturing onto a minefield, but its strategic choices suggest that it firmly believes in the future of BTC.

As CZ from Binance reminded during the last Bitcoin drop:

No panic, HODLing is still hard… but it pays off.

The question is simple: will Europe follow the American example, or will it remain hesitant in the face of the volatility of BTC?