BlackRock Plans to List a Bitcoin ETP in Europe

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Following the successful launch of its $58 billion Bitcoin ETF in the United States, BlackRock has announced plans to introduce its first Bitcoin ETP in Europe.

According to sources familiar with the matter, the fund will be based in Switzerland and could be marketed as early as this month. BlackRock’s foray into the European crypto ETP market is another indication of the company’s increasing interest and involvement in digital assets.

ETPs are a type of security that tracks the value of an underlying asset or assets and can be traded on regulated exchanges, similar to stocks and shares of companies.

Previously, BlackRock’s chairman and CEO Larry Fink stated his belief that Bitcoin is a legitimate financial asset for individuals seeking financial control outside of traditional systems.