BlackRock is launching a cryptocurrency ETP on Bitcoin in Europe, expecting registration in Switzerland and marketing to start this month. This move follows DWS, which has also joined the cryptocurrency ETP market, along with WisdomTree, Fidelity, and Invesco. In the US, after SEC approval in January 2024, the iShares Bitcoin Trust (IBIT) Bitcoin ETF was launched, managing assets worth $57 billion. In response, companies in Europe have reduced fees, starting a price war. ESMA has warned of the high volatility of cryptocurrencies after Bitcoin prices surged.
2/6/2025 11:47:05 AM (GMT+1)
BlackRock is launching a cryptocurrency ETP on Bitcoin in Europe, following in the footsteps of DWS, WisdomTree, and other major players, amidst reduced fees on cryptocurrency products and market volatility 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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