BlackRock Inc. with more than $11.5 trillion of assets under its management is planning to launch in Europe a Bitcoin spot exchange-traded products (ETP). report Bloomberg.
Bloomberg reported that the fund will be located in Switzerland, and BlackRock may begin to market it this month. BlackRock declined to make any comments on this matter at the time the article was written.
BlackRock already offers spot Bitcoin ETFs for both the US and UK. Canada The following are some examples of how to get started: Brazil.
BlackRock appears eager to build on the success of its U.S.-based spot Bitcoin ETF, IBIT, which became the “greatest ETF launch in history,” The company has managed assets worth over $50 Billion in its first full year.
Bloomberg reports BlackRock’s appearance on the spot #Bitcoin ETF is the ‘Greatest Launch in ETF History’ 🚀 pic.twitter.com/12aft5q8th
— Bitcoin Magazine (@BitcoinMagazine) December 30, 2024
BlackRock CEO Larry Fink announced at the World Economic Forum held in Davos last January that he has a new job. “big believer” in Bitcoin, and that its price could run up to $700,000 if more asset allocators start buying it, and if there is more fear of currency debasement, political and economic instability.
Just in: BlackRock CEO Larry Fink, who oversees $11.5 trillion of assets under management, says Bitcoin prices could reach $700,000. This is if currency devaluation and economic instability are a greater concern.pic.twitter.com/WOXclAsjDP
— Bitcoin Magazine (@BitcoinMagazine) January 22, 2025
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Source: bitcoinmagazine.com
