Blackrock, the world’s largest asset manager, launched the first European Bitcoin (BTC) stock exchange (ETP) on Tuesday.
According to a Bloomberg reportIshares Bitcoin ETP (IB1T) began to be traded on Euronext Paris, Euronext Amsterdam and Germany’s Xetra Stock Exchange and organized the price performance of Bitcoin to corporate and retail investors.
According to the report, the product is physically supported by Bitcoin and Coinbase Velayet International Ltd. secured.
Manuela Sperrandeo, President of Blackrock’s European and Middle East Ishares product, described the launch as an important industrial milestone.
“It reflects that they can be seen as an overturning point in the sector – the combination of retail investors’ demand formerly established demand with more professionals is now really enduring.”
The European expansion follows the success of Ishares Bitcoin Trust, which has been listed in the United States, which has accumulated over $ 50 billion since last year’s release.
By entering the European markets, the company shows its commitment to integrating crypto currency investments into mainstream financial strategies.
At the beginning of this month, Blackrock reportedly included the Ishares Spot Bitcoin Stock Exchange Fund (IBIT) in some model portfolios.
Blackrock’s target allocation ETF model portfolio leader Michael Gates, the leading portfolio manager, said that Bitcoin has “long -term investment value and potentially believes that it can provide unique and additive resources to portfolios.
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