BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.

**BlackRock Launches Bitcoin ETP in Europe, Expands Crypto Reach**

BlackRock, the global asset manager behind the largest spot Bitcoin (BTC) exchange-traded fund (ETF) in the U.S., has launched its first-ever crypto exchange-traded product (ETP) outside North America. The iShares Bitcoin ETP began trading on March 25, 2025, on Xetra and Euronext Paris under the ticker *IB1T*, and on Euronext Amsterdam as *BTCN*, according to iShares’ official listing details.

The product, which is designed to give European investors exposure to Bitcoin, comes with a reduced fee of 0.15%, thanks to a temporary waiver of 10 basis points, effective until the end of 2025.

BlackRock's iShares Bitcoin Trust ETF (IBIT) remains the largest among the 12 U.S.-listed spot Bitcoin ETFs, boasting net assets exceeding $50 billion and nearly $40 billion in net inflows, according to SoSoValue data. A similar product debuted in Canada earlier this year.

While the U.S. launch of Bitcoin ETFs in early 2024 marked a key milestone for the crypto sector, European markets have had Bitcoin ETPs for several years. Digital asset managers such as CoinShares and 21Shares dominate the European ETP landscape, with CoinShares Physical Bitcoin ETP being the largest, managing $1.3 billion with a 0.25% fee.

Coinbase, the custodian for IBIT, will also provide custody for BlackRock's European product.

The launch of the ETP in Europe is part of BlackRock's expanding global crypto offerings, as the firm continues to grow its presence in the digital asset space.