On March 25, COINOTAG News reported a significant development in the cryptocurrency sector as BlackRock, the largest asset manager globally, officially launched a Bitcoin Exchange-Traded Product (ETP) in Europe. This initiative follows the firm’s previous success with a Bitcoin spot ETF in the United States, which has amassed $48 billion in assets under management. The newly introduced product, known as the iShares Bitcoin ETP, is set to commence trading on the German Xetra Exchange and Euronext Paris and Amsterdam, under the trading codes IB1T and BTCN respectively. This launch marks a pivotal moment for institutional investment in the cryptocurrency market, further solidifying BlackRock’s position as a leader in financial innovation within the digital asset space.
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