BlackRock has launched its first Bitcoin exchange-traded product in Europe, based in Switzerland, expanding its crypto investment offerings beyond the U.S. market.
The product, trading under the ticker IB1T, is set to be listed on Xetra and Euronext Paris, providing European investors with access through regulated exchanges.
The iShares Bitcoin ETP will have an expense ratio of 0.15%, increasing to 0.25% at the end of the year.
Switzerland's crypto-friendly regulations and favorable tax policies make it an attractive hub for BlackRock and other major players in the digital asset market.