BlackRock Expands Crypto Offerings with New Bitcoin ETP in Europe

This development comes after the success of its U.S.-listed spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), which has amassed over $50 billion in assets under management.

The new iShares Bitcoin ETP will be listed on multiple European exchanges, including Xetra and Euronext Paris under the ticker IB1T, as well as Euronext Amsterdam under BTCN.

This marks BlackRock’s first foray into crypto-backed ETPs outside North America, signaling growing institutional demand for digital assets.

To attract investors, BlackRock is temporarily waiving a portion of its fees, reducing the ETP’s expense ratio to 0.15% until the end of the year.

This competitive pricing could position the product as one of the most cost-effective Bitcoin ETPs in Europe, appealing to both institutional and retail investors seeking exposure to Bitcoin.