AI Summary
- After the success of Bitcoin exchange-traded funds in the US, BlackRock is set to launch BTC exchange-traded products in Europe possibly within 2025. Bitcoin ETFs have historically been the most profitable exchange-traded products in history with inflows breaking records up to and over $57 billion. BlackRock’s expansion with ETPs in Europe may bring further investments into the crypto market in a region that has said no to Bitcoin reserves. .
- According to a recent report from BlackRock, the investment firm has its sights on Europe with upcoming ETP launches in the region. iShares Bitcoin Trust (IBIT), BlackRock’s US spot Bitcoin exchange-traded fund, pulled over $50 billion in investments after launching in 2024. BlackRock’s IBIT fund is the most popular Bitcoin ETF in the market alongside Greyscale and Fidelity’s ETFs.
- Last week, Bitcoin ETFs witnessed $486 million in inflows with BlackRock’s ETF making up the majority of BTC inflows during that week.
- According to CoinShares, over the past week, inflows for digital assets reached $527 million with Bitcoin inflows reaching $486 million. Inflows into altcoins have repeatedly increased over the past few months.
After the success of Bitcoin exchange-traded funds in the US, BlackRock is set to launch BTC exchange-traded products in Europe possibly within 2025.
Bitcoin ETFs have historically been the most profitable exchange-traded products in history with inflows breaking records up to and over $57 billion.
BlackRock’s expansion with ETPs in Europe may bring further investments into the crypto market in a region that has said no to Bitcoin reserves.
Bitcoin ETPs in the EU
According to a recent report from BlackRock, the investment firm has its sights on Europe with upcoming ETP launches in the region.
iShares Bitcoin Trust (IBIT), BlackRock’s US spot Bitcoin exchange-traded fund, pulled over $50 billion in investments after launching in 2024.
BlackRock’s IBIT fund is the most popular Bitcoin ETF in the market alongside Greyscale and Fidelity’s ETFs. Last week, Bitcoin ETFs witnessed $486 million in inflows with BlackRock’s ETF making up the majority of BTC inflows during that week.
According to Bloomberg, BlackRock’s ETP will be operated in Switzerland with marketing for the new fund to begin as soon as possible, possibly within February 2025. BlackRock’s ETP would be its first outside of the US, making it a part of BlackRock’s expansion efforts.
Inflows for Digital assets on the rise
According to CoinShares, over the past week, inflows for digital assets reached $527 million with Bitcoin inflows reaching $486 million.
Inflows into altcoins have repeatedly increased over the past few months. Recently, Ripple’s XRP token saw $15 million in inflows, with year-to-date inflows reaching $105 million making it the second-best-performing altcoin.
While inflows for Ethereum have leveled out at $177 million this month, Bitcoin and multi-assets have increased despite Deepseek volatility affecting the traditional markets.
Recently, the European Central Bank‘s President Christine Lagarde has said “Bitcoins will not enter the reserves of any of the central banks,” believing digital assets do not belong in banking reserves while the US embraces digital assets in all forms.
