BlackRock Launches Its First Bitcoin ETP in Europe
BlackRock launched a physically backed Bitcoin exchange-traded product in Europe, extending its institutional Bitcoin franchise beyond the United States after the success of its U.S. spot ETF.
On March 25, 2025, BlackRock launched its first Bitcoin exchange-traded product in Europe. The product was listed across major European venues and was designed to provide investors with exposure backed by Bitcoin held in custody.
The launch followed the rapid growth of BlackRock's U.S. iShares Bitcoin Trust and showed that the firm's Bitcoin strategy was becoming international rather than remaining a U.S.-specific response to spot-ETF approval.
For European investors, the product added one of the world's largest asset managers to an already established crypto-ETP market. For Bitcoin's institutional history, it marked the expansion of BlackRock's Bitcoin product infrastructure across regulatory jurisdictions.