BlackRock is launching its Bitcoin exchange-traded product (ETP) in Europe, following the success of its US-based fund.
The European Bitcoin ETP will be listed on Xetra, Euronext Paris, and Euronext Amsterdam.
To attract investors, BlackRock is offering a fee waiver of 0.10% and reducing its management fee to 0.15% until the end of 2025, making it one of the cheapest options in the region.
The European product will utilize custody services from Coinbase, similar to its US-based fund.