BlackRock, managing approximately $12 trillion in assets, has launched its iShares Bitcoin ETP in the UK.
BlackRock's iShares Bitcoin ETP previously debuted in the US, becoming the largest Bitcoin ETF with over $47 billion in assets within the first year.
BlackRock is the 51st firm officially registered as a crypto asset company with the FCA, allowing it to expand its cryptocurrency offerings in the UK.
BlackRock's iShares Bitcoin ETP launched with a fee waiver of 10 basis points, making it attractive to investors, and is accessible to both institutional and retail investors.