2 hours ago
Asset management titan BlackRock is reportedly going to list a new spot market Bitcoin ( BTC ) exchange-traded product (ETP) in Europe, its first digital asset-related venture into the continent. According to a new report from Bloomberg, BlackRock – which has over $10 trillion in assets under management – is getting ready to launch a BTC ETP in Europe after its US iShares Bitcoin Trust ETF (IBIT) was a massive success. Anonymous people familiar with the matter say that the ETP will be based out of Switzerland and that BlackRock could start advertising the fund as soon as sometime this month. Exchange-traded funds (ETFs) and ETPs allow traders to expose themselves to assets – such as precious metals and crypto – without having to actually physically purchase them. BlackRock first launched IBIT in January 2024 after years of having its bid delayed by the U.S. Securities and Exchange Commission. Previously, Bloomberg found that IBIT had the best debut out of all other US BTC ETFs. At the time, it was found that IBIT held more assets than BlackRock’s Gold ETF despite it being launched nearly two decades earlier in 2005. According to BlackRock’s official website , the net assets of IBIT are $57.4 billion while Bloomberg reports that Europe’s total crypto ETP market is sized at around $17.3 billion. IBIT is trading for $56.09 at time of writing, a marginal decrease on the day while the top crypto asset by market cap is valued at $98,146. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post BlackRock To List New Spot Bitcoin ETP in Europe Following Big Success of US Product: Report appeared first on The Daily Hodl .
The Daily Hodl
You can visit the page to read the article.
Source: The Daily Hodl
Tags :
Bitcoin Trading blackrock BTC Crypto ETF etp Europe exchange traded fund IBIT News trading
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Strategy (MicroStrategy) Reports Q4 GAAP Loss of $3.03 Per Share, BTC Holdings of 471,107 Tokens
Strategy (MSTR) reported a fourth-quarter net loss of $3.03 per share, compared to income of $0.50 per share a year earlier. The loss incurred as the company took an impairment charge on its 471,107 token bitcoin (BTC) holdings. It`s been an extremely eventful week for Strategy prior to the earnings, including an upsizing in the company`s preferred stock offering and a name change just hours ago. The firm recently ended a long string of bitcoin purchases and currently holds 471,107 tokens worth roughly $45 billion. The Financial Stability Accounting Board (FASB) last year implemented a new fair value accounting rule for corporates holding digital assets. Use of the rule was voluntary through the end of 2024, but will be required beginning in the first quarter of this year. The Daily Hodl
Bitcoin Giant MicroStrategy Rebrands to `Strategy` and Everyone in Crypto Made the Same Joke
Strategy posted a loss last quarter as its Bitcoin-buying spree ramped up, but word of the rebrand dominated the conversation Wednesday. The Daily Hodl
