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Financial giant BlackRock is launching its Bitcoin exchange-traded product (ETP) in Europe. The move comes after the success of BTC ETPs in US, which solely built a $48 billion crypto business.
💥BREAKING:
BLACKROCK BITCOIN ETPS IN EUROPE ARE LAUNCHING TODAY
THIS IS MASSIVE!! 🚀 pic.twitter.com/t2bnqPPwXr
— Crypto Rover (@rovercrc) March 25, 2025
A Bloomberg report dated 25 March 2025 revealed that the iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN.
With this, the expanding European investor base will have access to BlackRock’s successful Bitcoin ETP model.
Commenting on BlackRock’s next step in Europe, Manuela Sperandeo, BlackRock’s head of Europe & Middle East iShares Product, said, “It reflects what really could be seen as a tipping point in the industry — the combination of established demand from retail investors with more professionals now really getting into the fold.”
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BlackRock’s European Listed Bitcoin ETP Is Rooted In Switzerland
BlackRock has been trying to expand services in Europe. Speaking to Reuters on 20 March 2025, an executive said that the company is betting on an expanded range of retail-focused products, including more exchange-traded funds, to attract a new generation of Europeans into investing.
The European listed Bitcoin ETP will debut with a temporary fee waiver of 10 basis points — reducing its expense ratio to 0.15% until the end of the year.
Dirk Klee, Country Head for Switzerland said, “There’s a lot of Switzerland in the iShares Bitcoin ETP. BlackRock Switzerland played a key role in its development.”
“We believe ETPs can play a key role in building a bridge between crypto and traditional finance, due to their efficiency and ease of use,” he added.
Apparently, the underlying Swiss special purpose vehicle (SPV) is exempt from Swiss stamp duty on both purchases and sales.
The world’s largest asset manager with over $4.4 trillion in assets under management is expected to bring credibility in the Europe market and attract more investor interest.
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