- BlackRock debuts its Bitcoin ETP on SIX Swiss Exchange.
- iShares Bitcoin ETP boosts institutional access in Europe.
- Product backed by Bitcoin cold-stored via Coinbase.
BlackRock has introduced its iShares Bitcoin ETP on the SIX Swiss Exchange to expand institutional Bitcoin access in European markets.
This launch signifies BlackRock’s strategic push into digital assets, potentially boosting Bitcoin demand and enhancing its role in mainstream investment portfolios.
BlackRock has officially launched the iShares Bitcoin ETP (IB1T) on the SIX Swiss Exchange, further expanding its institutional-grade investment products within Europe.
The ETP is backed by Bitcoin in cold storage via Coinbase and features a reduced expense ratio until 2025.
CEO Dirk Klee noted BlackRock Switzerland’s crucial role in developing the iShares Bitcoin ETP, highlighting the product’s Swiss roots.
The competitive pricing and regulatory approval position the ETP as a bridge for institutional investors seeking Bitcoin exposure.
Market expectations suggest this ETP strengthens institutional legitimization of Bitcoin, potentially increasing AUM over time.
Historically, products like this have enhanced local liquidity and influenced related cryptocurrencies such as ETH.
