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BlackRock has expanded its crypto offerings by launching its first Bitcoin exchange-traded product (ETP) in Europe, listed on Xetra and Euronext Paris. The move follows the success of its U.S.-based iShares Bitcoin Trust (IBIT) and targets institutional investors seeking regulated exposure to Bitcoin.
- BlackRock’s European Bitcoin ETP (IB1T) debuts with a 0.15% TER, rising to 0.25% post-fee waiver, and is listed on Xetra and Euronext Paris.
- Switzerland’s crypto-friendly laws and low capital gains tax position it as a hub for institutional crypto products like BlackRock’s ETP.
- Europe hosts over 160 crypto ETPs valued at $17.3B, with MiCA regulations further solidifying its leadership in institutional crypto adoption.
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