BlackRock, the world’s largest asset manager, has launched its first Bitcoin exchange-traded product (ETP) in Europe, further expanding its presence in digital assets. The iShares Bitcoin ETP is now listed on the Euronext Paris, Euronext Amsterdam, and Xetra exchanges. According to iShares, the ETP is backed by Bitcoin held in cold storage by Coinbase Custody International Ltd. The European product’s management fee has been temporarily reduced to 0.15% — a 10 basis point discount — until the end of 2025. The move underscores BlackRock’s growing focus on digital assets, following the success of its iShares Bitcoin Trust, the largest spot Bitcoin exchange-traded fund (ETF) in the US. Since its launch in January 2024, the fund has recorded around $40 billion in net inflows and currently holds approximately $51 billion in assets, according to SoSoValue . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
