BlackRock To Launch Bitcoin ETP In Europe Today As US Spot Bitcoin ETFs Extend Inflow Streak To 7 Days
Asset management titan BlackRock is set to launch a Bitcoin ETP (exchange-traded product) in Europe today as US spot Bitcoin ETFs (exchange-traded funds) push their net daily inflow streak to 7 days. BlackRock’s iShares Bitcoin ETP follows the success of the asset manager’s spot Bitcoin ETF, which launched in the US in January last year. BlackRock’s Bitcoin ETP To List On Multiple Platforms Today BlackRock’s Bitcoin ETP will be listed on Euronext Paris and Xetra under the ticker “IB1T.” It will also list on Euronext Amsterdam as “BTCN.” The ETP is backed by Bitcoin that is held by Coinbase Custody International Ltd. in cold storage, according to iShares . BlackRock’s Bitcoin ETP listings in Europe also marks the first time the asset manager has introduced a crypto ETP outside of North America. US Spot Bitcoin ETFs Extend Inflow Streak BlackRock’s ETP launches in Europe come as US spot Bitcoin ETFs continue...