BlackRock’s Bitcoin Bonanza: Europe’s Crypto Craze Begins! 🚀

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Ah, BlackRock, the titan of asset management, has decided to grace Europe with its presence in the realm of cryptocurrency. Yes, dear reader, the same BlackRock that has been hoarding Bitcoin in the U.S. like a squirrel with acorns is now venturing across the pond. 🐿️

Behold, the iShares Bitcoin ETP! A product so grand, it will list on Xetra and Euronext in Paris under the ticker IB1T, and on Euronext Amsterdam as BTCN. Truly, a marvel of modern finance. 🎩

But wait, there’s more! For a limited time only, the fee for this ETP is reduced by 10 basis points to a mere 0.15%. A temporary waiver, they say, until the end of 2025. How generous! 🙌

BlackRock’s iShares Bitcoin Trust ETF (IBIT) is already the king of the hill in the U.S., with net assets worth over $50 billion and cumulative net inflows of just under $40 billion. Now, they’re bringing their magic to Europe. Will the Old Continent be ready for such a spectacle? 🎭

Coinbase, the trusted custodian of IBIT, will also be handling the European product. Because, of course, who else would you trust with your digital gold? 🏦

This grand introduction was first reported by Bloomberg, as if the world needed another reason to pay attention to BlackRock’s every move. 🌍

So, there you have it. BlackRock is coming to Europe, and the crypto world will never be the same. Or will it? Only time will tell. ⏳

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2025-03-25 12:14