BlackRock has officially rolled out its first Bitcoin exchange-traded product (ETP) in Europe, marking a significant expansion of its cryptocurrency offerings. The product, named the iShares Bitcoin ETP, is now available on Xetra and Euronext markets in Paris and Amsterdam under the tickers IB1T and BTCN, respectively.

According to Bloomberg, the European launch comes in the wake of BlackRock’s remarkable success in the United States, where its iShares Bitcoin Trust (IBIT) has accumulated over $50 billion in assets since its debut in January 2024.

The European version of the product offers a temporary fee waiver of 10 basis points, effectively bringing the total expense ratio down to 0.15% until the end of 2025.

Furthermore, The ETP is designed to appeal to institutional and retail investors seeking exposure to Bitcoin through traditional financial channels.

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Industry observers see the move as a milestone in the broader institutional adoption of cryptocurrencies. BlackRock’s strategic fee structure and robust custodial partnerships are expected to draw substantial interest as crypto investment products gain traction across global markets.