BlackRock launches first bitcoin product in Europe
Tweet
Share
E-mail
FILE PHOTO: The BlackRock logo is pictured outside its headquarters in the Manhattan borough of New York City, New York, U.S., May 25, 2021. REUTERS/Carlo Allegri/File Photo
LONDON (Reuters) - BlackRock has launched its first bitcoin exchange-traded product in Europe, in a bid to tap growing demand for cryptocurrency exposure in new markets after attracting more than $50 billion into similar products in the United States.
The world's largest asset manager has launched its 'iShares Bitcoin ETP', according to a BlackRock product page online, which is domiciled in Switzerland and listed in Paris, Amsterdam and Frankfurt.
Reuters previously reported on the planned launch last month. BlackRock declined to comment.
BlackRock was one of the first institutional investors to offer exchange-traded products in the U.S. to track the spot price of bitcoin after the Securities and Exchange Commission first approved them in January 2024.
It has partnered with Coinbase as custodian and Bank of New York Mellon as administrator on the latest product, the page said.
(Reporting by Iain Withers; Editing by Kirsten Donovan)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SEC proposes new rules for crypto asset investment contracts
- Alliance Laundry principal stockholder prices 22.55M share offering
- ZW Data regains Nasdaq minimum bid price compliance
Create E-mail Alert Related Categories
ReutersRelated Entities
BitcoinSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
