Blackrock, the largest asset management company in the world, should extend its cryptocurrency investment products by launching a product (FTE) on Bitcoin Bitcoin exchanger in Europe. This decision follows the remarkable success of its fund (ETF) listed by Bitcoin, listed in the United States, which has raised nearly $ 60 billion in assets. According to sources cited by Bloomberg, the new fund should be based in Switzerland, with potentially starting promotional efforts this month.
Blackrock’s expansion on the European cryptography market
Although cryptocurrency ETPs have been around in Europe for several years, this marks the first BlackRock company on the region’s digital asset market. The company already occupies a dominant position in the industry of negotiated funds on the stock market, managing more than $ 4.4 dollars of assets linked to FNB. With this new Bitcoin ETP, BlackRock aims to meet the growing institutional demand for cryptocurrency investment options in Europe.
Larry Fink, general manager of BlackRock, recently expressed strong support for Bitcoin as a cover against the devaluation of currencies. Speaking at the Davos World Economic Forum, Fink underlined the potential role of Bitcoin in institutional portfolios, citing discussions with sovereign funds on the 2% to 5% of their assets at cryptocurrency. He suggested that generalized institutional adoption could generate the Bitcoin price at levels between $ 500,000 and $ 700,000.
Fink also underlined the Bitcoin call as a financial refuge, in particular for investors in regions faced with economic instability or the devaluation of money. He explained that Bitcoin provides an internationally recognized financial instrument which can serve as protection against local economic concerns.
Growing interest in Bitcoin investments and the role of Blackrock
The past year experienced an increase in institutional interest in Bitcoin, widely motivated by the introduction of several ETF Bitcoin to several spots in the US data Bloomberg reveals that 12 of these funds have collectively attracted around $ 116 billion. Ishares Bitcoin Trust of BlackRock (Ibit) was an interpreter off competition, recording the most successful ETF beginnings to date. As of February 6, Ibit held around 585,732 BTC, with market assessment exceeding $ 56.5 billion. Its rapid growth has exceeded many traditional ETFs, demonstrating the growing demand for cryptocurrencies based on institutional investors.
Bitcoin’s value has reached record heights since the re -election of American president Donald Trump, fueled by the expectations of clearer regulatory policies and evolution of political conditions. While Bitcoin funds based in the United States have experienced significant capital inputs, the European cryptocurrency and European cryptocurrency market remains lower in comparison. Currently, the European market has more than 160 cryptocurrency monitoring products, including those of Bitcoin and Ethereum, with a combined market value of around $ 17.3 billion.
With its European Bitcoin ETP, BlackRock aims to capitalize on the growing institutional interest for digital assets while expanding its presence in the world landscape of cryptocurrency investments. While institutional adoption continues to increase, this new offer could help to fill the gap between traditional finance and the expansion of the cryptographs market.
𝗕𝗹𝗮𝗰𝗸𝗥𝗼𝗰𝗸 𝗘𝘅𝗽𝗮𝗻𝗱𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝘄𝗶𝘁𝗵 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗘𝗧𝗣 𝗨 𝗨. 𝗘𝗧𝗙 𝗦𝘂𝗰𝗰𝗲𝘀𝘀
Blackrock should launch a product (FTE) negotiated in Bitcoin in Europe, aimed at starting to negotiate this month, reveal the initiates. It follows the … pic.twitter.com/eqkg8i4jwu
– The Rio Times (@TerioTimes) February 6, 2025
Solaxy token: a layer 2 solution on Solana
Solaxy Token (Solx) is a newly introduced cryptocurrency built as a layer 2 solution on the Solana blockchain. The project aims to improve transaction speed, scalability and profitability, taking up some of the main challenges of the current blockchain ecosystem. With the rapid growth of decentralized applications (DAPP) and financial transactions on Solana, Solaxy seeks to optimize network performance and offer users a transparent experience.
How Solaxy improves the Solana ecosystem
Solaxy is designed to improve scalability using out -of -chain treatment and the grouping of transactions. By operating as a layer 2 solution, it reduces congestion on the Solana network, ensuring that transactions are treated more quickly and at a lower cost. This makes it an attractive option for various blockchain applications, including decentralized finance (DEFI), games and microtransactions.
One of the remarkable characteristics of Solaxy is its ability to facilitate rapid and affordable transactions. With an increasing demand for blockchain efficiency, many networks are faced with problems with high costs and slower transaction speeds. Solaxy takes up these challenges by offering a rationalized alternative that maintains safety while improving performance.
Tokenomics and supply
The total offer of solx tokens is capped at around 138 billion. The project structured its distribution of tokens to support the development, marketing and growth of future ecosystems. Part of the tokens is allocated to punctuate rewards, encouraging users to participate in the network while maintaining liquidity and commitment within the community.
Development roadmap
Solaxy has described a progressive development approach. Initially, the project focuses on the launch and distribution of solx through a presale, as well as the incentives for the setback of encouraging early participation. The next phase implies lists on major decentralized and centralized exchanges to increase accessibility. In the final phase, the team plans to fully deploy the Solaxy Layer 2 blockchain, to integrate it with DAPPS and improve its scalability features.
While blockchain technology continues to evolve, scalability remains a crucial factor to ensure fluid and efficient transactions. The Solaxy approach to take advantage of Solana’s infrastructure, while improving its capacities, offers a promising solution for developers and users. Although the project remains at its beginnings, it focuses on improving the efficiency of transactions and network performance positions it as an interesting addition to the Solana ecosystem.
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