In brief
- BlackRock’s iShares Bitcoin ETP is now available to UK retail investors on the London Stock Exchange, backed by bitcoin held through Coinbase custody.
- BlackRock’s U.S. Bitcoin ETF became the firm’s most profitable fund in just 21 months, though it fell short of the $100 billion milestone amid last week’s market crash.
- BlackRock CEO Larry Fink has pivoted on crypto, from calling Bitcoin “an index of money laundering” in 2017 to saying crypto serves “the same purpose as gold” as an alternative asset.
BlackRock has launched its first Bitcoin exchange-traded product for UK retail investors, opening institutional-grade crypto access to Britain’s retail market amid volatile trading conditions.
The iShares Bitcoin ETP began trading on the London Stock Exchange on Monday, with securities physically backed by Bitcoin held through Coinbase, as per the Financial Times report.
“As the UK crypto investor base
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Author: Vismaya V
