Main notes
- Blackrock now has a Bitcoin ETP process in the European Union.
- The box, which is called IB1T, is called in Switzerland, and is subject to trading on the main Swiss Port.
- The fund can create a positive rise in Bitcoin price, as the dependence of European Union investors may greatly push its growth.
Blackrock, the world's largest asset manager, has ultimately revealed the possibility of ETP, which was supported in support of Bitcoin in Europe.
Blackrock “ISHARES Bitcoin ETP (IB1T)” with TER (IB1T) is launched from 0.15 %. However, this percentage will increase to 0.25 % at the end of the year when the assignment ends.
IB1T trades on the upper European stock exchanges
ETP has started trading on the main European stock exchanges, including Euronext Paris, Deutsche Boerse and Euronext Amsterdam. IB1T, an actual product in Switzerland, is supported by Bitcoin and is held in cold storage through the Coinbase exchange.
The Bitcoin product has a similar indicator icon for Blackrock's Bitcoin Trochished (ETF), and ISHares Bitcoin Trust Etf (Ibit). This product, which first appeared in the United States in January 2024, raised $ 50.7 billion of management assets (AUM).
Blackrock revealed that her decision to expand the Crypto ETP offer to Europe depends on data. According to a recent survey in partnership with focal data, 75 % of professional investors showed interest in Bitcoin ETP during the next two years.
Jane Sloan, head of global products solutions in Europe, the Middle East and Africa in Blackrock, has expressed her enthusiasm for the new physical bitcoin of the company.
“With 25 million encryption investors across Europe, we believe that ETPS has an important role that it plays to build a bridge between encryption and traditional financing through their efficiency and comfort,” Slun pointed out.
ISHares Bitcoin ETP is designed to allow institutional investors to reach BTC and provide institutional degree to Bitcoin for investors in Europe.
It is important to note that Europe is still following the United States in the Crypto ETP market, with only the largest product of $ 1.3 billion in AUM.
Last year, Valor, a subsidiary of Defi Technologies, announced the launch of the first ETP bitcoin (BTC) in Nordics Market.
The effects of bitcoin
The price of Bitcoin rose to its highest level after the launch of Bitcoin ETF in January. The leading cryptocurrency got a new batch in November after President Donald Trump won the elections in the United States.
Participants in the encryption market believes that Trump's second rule in the White House will establish favorable encryption policies, and thus the increasing interest in bitcoin. The leading cryptocurrency erupted on $ 100,000 for the first time in December. The currency eventually jumped to the highest level (ATH) above $ 109,000.
However, the price of bitcoin has decreased since then, and it is currently trading about $ 8,8100. In the past 24 hours, BTC has decreased slightly by 0.22 %. However, the daily trading volume increased by 19.4 % to $ 31.4 billion, indicating the benefit of renewable investors.
With the launch of the new Blackrock of ETP, BTC is expected to restore the momentum and even re -test ATH. This is based on the expected adoption by European investors.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
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