Blackrock Inc. , The world’s largest asset manager with more than $ 11.5 trillion of management assets, to launch an overlapping product on the Bitcoin Stock Exchange (ETP) in Europe, according to a report From Bloomberg.
The fund is expected to be based in Switzerland and Blackrock can start marketing it early in this month, as well as sources familiar with the matter Bloomberg. Nevertheless, at the time of writing this report, Blackrock actor refused to comment on the matter.
This list will feature another step in the international expansion of Blackrock for its Bitcoin offers, as the company has already launched the investment funds circulating in Bitcoin in both of them. Canada And Brazil.
Blackrock seems excited to build on the success of the US -based Bitcoin ETF spot, which has become the “greatest ETF launch in history”, as it raised more than $ 50 billion in management assets in its first year only of living.
Only in: Bloomberg says Black Rock spot #Bitcoin ETF is “the greatest launch in the history of ETF”
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Bitcoin (PitcoinMagazine) Magazine December 30, 2024
At the World Economic Forum in Davos in January, Larry Fing, CEO of Blackrock, stated that he is a “great believer” in Bitcoin, and that his price may extend to 700,000 dollars if he starts more assets allocations to buy them, and if there is more fear of work The currency, political and economic instability.
Only in: 11.5 trillion dollars, CEO of Blackrock, Larry Fink, Bitcoin can rise to $ 700,000 if there is more fear of currency and economic instability.pic.twitter.com/woxclasjdp
Bitcoin (PitcoinMagazine) Magazine January 22, 2025
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