Blackrock should launch its first negotiated product in exchange (FTE) linked to Bitcoin in Europe.
According to reports, the European Bitcoin ETP is expected to arrive on the market in February 2025. The fund is except to be based in Switzerland.
In particular, this decision comes in the heels of BlackRock’s success with its Ishares Bitcoin Trust (IBIT) based in the United States, which has amassed an impressive $ 58 billion in management.
The largest asset manager in the world with more than $ 4.4 billions of assets under management should bring its credibility to the European market and attract more interest in investors.
Above all, a deposit of the SEC revealed that Blackrock has also increased its participation in the strategy, formerly Microstrategy, at 5%.
As of February 6, 2025, the company holds around 11.2 million shares. This went from 4.09% in September 2024.
After disclosure, strategy actions increased 2.8% in trading before the market, reaching $ 331.90 per share.
Just inside:
Blackrock increases his property of the strategy $ Mstr at 5% – Dry toppings pic.twitter.com/mttd1dwpda
– Bitcoin Magazine (@bitcoinmagazine) February 7, 2025
Blackrock increases his property of the strategy Explore: Feeling Good Friday: Bitcoin Plus Etf, Pepe Airdrop, David Sacks
Wef 2025: Blackrock CEO says BTC can reach $ 700,000
The meeting of the World Economic Forum (WEF) in 2025 in Davos Switzerland, which takes place from January 20 to 24, 2025, sees the leaders of the industry meeting under the theme of “collaboration for intelligent age”.
In a video interview, Larry Fink, the CEO of Blackrock, the largest asset management company in the world has said: “If you are afraid of the discharge of your currency, or the economic or political stability of your country, you can have an international instrument based on Bitcoin which will overcome these local fears. »»
“I am a great supporter of using this as an instrument,” said Fink.
* Blackrock’s Fink: “If you are afraid of the degradation of your currency, or … the economic or political stability of your country, you can have an international instrument called Bitcoin which will overcome these local fears. (BTC) could be $ 500,000, $ 600,000, $ 700,000… ” pic.twitter.com/hxdlwnbyz6
– Alex Thorn (@intangiblecoins) January 22, 2025
Speaking of the growing allowance of the crypto portfolio, Fink said: “I was with a sovereign fund during this week and it was the conversation-” should we have a 2%allowance, should we have A 5%allowance? – If everyone adopted this conversation, it would be $ 500,000, $ 600,000, $ 700,000 per Bitcoin, “
That said, Fink said he doesn’t do anything.
Explore: Bitcoin strikes a new record! BTC increases 6% to go beyond $ 109,000
The post BlackRock should launch ETP linked to Bitcoin in Europe: increases participation in the 5% strategy appeared first on 99Bitcoins.
