Blackrock, the largest asset manager on a global scale, is the first Bitcoin in the European market $87,160.49 The Bitcoin ETP (IB1T), which is based on based on the based product, launched. The product began to be traded on Euronext Paris, Euronext Amsterdam and Germany’s Xetra exchanges.
Crypto extraction to Europe
Blackrock’s move came after the success of Ishares Bitcoin Trust, previously released in the US -based and collected over $ 50 billion. The opening of the company to the European market reflects its determination to increase the integration of crypto assets to financial strategies.
Although many ETPs have been initiated by 21shares, it is very important that a company that manages over $ 10 trillion, like Blackrock, is entering this market.
ishares Bitcoin ETP (IB1T)
The new product is physically supported with Bitcoin and Coinbase Custody International Ltd. is guaranteed through. This structure allows investors to provide reliable access to Bitcoin price movements.
Manuela Sperrandeo, the manager of Blackrock European and Middle East İshares products, considered an important turning point for the launch sector.
Manuela Sperandeo: “an important threshold in the sector shows that it has been reached.”
In addition, the Spot Bitcoin product added to Blackrock’s model portfolios, Target Allocation Etf Portfolio Manager Michael Gates, Bitcoin has a long -term investment value and can contribute to the diversification of portfolios, he said.
Together with the new product, the company aims to make both corporate and individual investors invest in Bitcoin in accordance with the regulations; This provides the opportunity to develop alternative strategies for investors.
Blackrock’s steps are seen as an important step in terms of integration of digital assets into traditional financial markets. Market dynamics and investor confidence may be effective on the later performance of the product.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
