BlackRock Debuts Bitcoin Exchange-Traded Product in Europe
The iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T.
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BlackRock Inc., the world’s largest asset manager, is launching a Bitcoin exchanged-traded product in Europe, following the success of its $48 billion US fund tracking the cryptocurrency.
The iShares Bitcoin ETP will list on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam under BTCN on Tuesday, the company said in a statement. The product will debut with a temporary fee waiver of 10 basis points — reducing its expense ratio to 0.15% until the end of the year.