BlackRock launches its first Bitcoin ETP in Europe

BlackRock has launched its first Bitcoin exchange-traded product (ETP) in Europe, named iShares Bitcoin ETP. The product is listed on stock exchanges in Paris, Amsterdam, and Frankfurt, marking BlackRock’s first cryptocurrency initiative outside North America.

The ETP operates from Switzerland and is available under the symbols IB1T and BTCN on the Xetra, Euronext Paris, and Euronext Amsterdam platforms. BlackRock has partnered with Coinbase for custody services and Bank of New York Mellon for product administration.

To encourage early investments, BlackRock is offering a temporary fee discount, setting an expense ratio of 0.15% until the end of 2025, making this ETP the most cost-effective in Europe.

The launch comes as European crypto markets remain smaller and less liquid than those in the US. Although Europe has over 160 digital asset-tracking products, their total market value lags behind the American market. With this ETP, BlackRock aims to attract institutional investors and boost digital asset adoption in the region.