Ethereum

bullish

Bitcoin

BlackRock

<div class="intro-text">BlackRock is making a major move into the European crypto market with its first Bitcoin exchange-traded product (ETP). </div>Trading under the ticker IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam, the launch represents a significant step in the firm’s expansion beyond North America.<a href="https://www.bloomberg.com/news/articles/2025-03-25/blackrock-debuts-bitcoin-exchange-traded-product-in-europe" rel="noopener noreferrer nofollow">According to a Bloomberg report on March 25,</a> the iShares Bitcoin ETP (IB1T) will debut with a temporary fee waiver of 10 basis points, reducing its expense ratio to 0.15% until the end of the year. This move aims to attract initial investors and position the product competitively in the growing European crypto investment space.Manuela Sperandeo, BlackRock’s head of Europe &amp; Middle East iShares Product, called the launch a pivotal moment for the industry, emphasizing how rising institutional interest is now converging with strong retail demand. The move builds on the success of BlackRock’s U.S.-listed iShares Bitcoin Trust (IBIT), which became the fastest-growing ETF in market history, accumulating $48 billion in assets in 2024, according to VettaFi data.While IB1T will initially benefit from a fee waiver, it will later charge a 0.25% expense ratio—matching CoinShares’ $1.3 billion physical Bitcoin product, currently the largest crypto ETP in Europe. In a statement to Bloomberg, BlackRock confirmed that Coinbase will continue serving as the custodian for the physical Bitcoin backing the ETP. The product, issued through a special-purpose vehicle based in Switzerland, is designed for both institutional and informed retail investors.Meanwhile, BlackRock continues its aggressive accumulation of Ethereum. The organization recently <a href="https://defi-planet.com/2025/02/blackrock-adds-10-7-million-worth-of-eth-to-etf-total-holdings-reach-3-71-billion/" rel="noopener noreferrer nofollow">added</a> 3,840 ETH ($10.7 million) to its iShares Ethereum Trust (ETHA) in the past 24 hours, continuing its accumulation streak. On February 4, it purchased 100,535 ETH ($276 million), bringing total holdings to 1.36 million ETH ($3.71 billion). Analysts see this as a bullish bet on Ethereum’s future, fueled by anticipation of the Pectra upgrade. Notably, ETHA has recorded no outflows since January 20, maintaining strong inflows.&nbsp;If you want to read more news articles like this, visit<a href="https://defi-planet.com/" rel="noopener noreferrer nofollow">DeFi Planet</a>and follow us on<a href="https://twitter.com/PlanetDefi" rel="noopener noreferrer nofollow">Twitter</a>,<a href="https://www.linkedin.com/company/defi-planet/" rel="noopener noreferrer nofollow">LinkedIn</a>, <a href="https://www.facebook.com/DeFi-Planet-129907662611402" rel="noopener noreferrer nofollow">Facebook</a>,<a href="https://www.instagram.com/defi.planet/" rel="noopener noreferrer nofollow">Instagram</a>, and<a href="https://coinmarketcap.com/community/profile/DeFiPlanet/" rel="noopener noreferrer nofollow">CoinMarketCap Community</a>.“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”The post <a href="https://defi-planet.com/2025/03/blackrock-unveils-bitcoin-etp-for-european-investors/" rel="noopener noreferrer nofollow">BlackRock Unveils Bitcoin ETP for European Investors</a> appeared first on <a href="https://defi-planet.com" rel="noopener noreferrer nofollow">DeFi Planet</a>.

BlackRock Unveils Bitcoin ETP for European Investors

DeFi Planet

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