BlackRock is going to list a Bitcoin ETP in Europe and likely launch the product in Switzerland. The firm recently launched a BTC ETF in Canada, but this marks its first offering like this outside North America.

Bitcoin’s price has proved volatile after a major rally in November, but BlackRock has consistently shown complete confidence in it. This ETP offering may substantially impact European markets.

BlackRock to Offer ETP in Europe

BlackRock has undergone substantial changes since becoming the world’s biggest Bitcoin ETF issuer. Its IBIT product has been hailed as the “greatest launch in exchange history,” and the firm holds 2.7% of the entire BTC supply.

BlackRock recently launched an ETF in Canada, and it’s continuing these expansion plans with a Bitcoin ETP in Europe.

“Being able to gain Bitcoin exposure via the ETP wrapper has proven to be a compelling combination for investors,” Samara Cohen and Jay Jacobs, BlackRock’s Chief Investment Officer of ETFs and Index Investments and US Head of Thematic and Active ETFs, respectively, wrote in a blog post last month.

According to reports, BlackRock is likely to domicile this new ETP in Switzerland. Over the past few years, the country has become a hub for friendly crypto regulation, with its “Crypto Valley” in Zug Go to Source to See Full Article
Author: Landon Manning

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