BlackRock Launches First Bitcoin ETP in Europe!

• BlackRock is launching its first Bitcoin ETP in Europe, trading on Xetra, Euronext Paris, and Euronext Amsterdam
• Coinbase will handle custody, just like for BlackRock’s U.S. Bitcoin ETF (IBIT)
• Fees are temporarily reduced to 0.15% until 2025, making it an attractive option for investors

BlackRock, the world’s largest asset manager and the force behind the U.S.'s biggest spot Bitcoin ETF (IBIT), is now bringing a Bitcoin exchange-traded product (ETP) to Europe. This marks BlackRock's first crypto ETP outside North America, signaling a broader push into the global crypto investment landscape.

Starting Tuesday, the iShares Bitcoin ETP will be available for trading on Xetra and Euronext in Paris under the ticker IB1T, while in Euronext Amsterdam, it will trade as BTCN.

Why This Move Matters

BlackRock's IBIT ETF has already amassed over $50 billion in net assets in the U.S., with nearly $40 billion in net inflows. With such massive success, it’s no surprise that BlackRock is now looking to capture the European market.

Who’s Handling Custody?

Just like in the U.S., Coinbase (COIN) will provide custody for this European ETP, reinforcing its role as a key player in institutional Bitcoin investment.

How Much Will it Cost?

For a limited time, BlackRock is offering a fee discount—temporarily reducing the ETP's cost to 0.15% until the end of 2025, making it more competitive.

What’s Next for Bitcoin ETFs in Europe?

The launch of this Bitcoin ETP could fuel institutional adoption of crypto in Europe, just as spot Bitcoin ETFs did in the U.S. Will this product attract the same level of inflows as IBIT?

That remains to be seen, but with BlackRock’s influence, this could be a game-changer for European investors.