BlackRock Launches First European Bitcoin ETP as Global Crypto Expansion Grows

The iShares Bitcoin ETP will trade on major European exchanges, with Coinbase providing custody services and a reduced fee structure through 2025.

BlackRock introduces its first Bitcoin exchange-traded product (ETP) outside North America, marking a significant step in its global crypto strategy.
The iShares Bitcoin ETP will trade under the tickers IB1T on Xetra and Euronext Paris, and BTCN on Euronext Amsterdam.
Coinbase, already the custodian for BlackRock’s U.S. Bitcoin ETF, will provide custody services for the European ETP as well.
To attract investors, BlackRock has temporarily lowered the ETP's fee to 0.15% until the end of 2025.
The iShares Bitcoin Trust ETF (IBIT) remains the largest spot Bitcoin ETF in the U.S., with over $50 billion in assets under management.