According to Bloomberg, following the success of its American Bitcoin -Asset manager BlackRock plans to launch a fund bitcoin ETF for Europe.
According to anonymous sources, whose data is cited by the American publication, the new exchange-traded product will be registered in Switzerland.
The European cryptocurrency ETP market is a hotly contested one, with more than 160 products tracking the price of Bitcoin, Ethereum and other tokens. But its $17,3 billion size pales in comparison to the U.S. market, Bloomberg reported.
Stock analyst James Seyffarth, in turn, doubts that BlackRock's approach to the launch Bitcoin - a fund in the USA is also suitable for the European market.
US Spot BTC- ETF iShares Bitcoin Trust (IBIT) tracks the price of the flagship cryptocurrency. According to data from The Block Data Dashboard, bitcoin ETF BlackRock is the largest BTC-based exchange-traded product, with nearly $57 billion in assets under management.
On the previous trading day Bitcoin -BlackRock's IBIT fund once again led the way in net investor inflows, with more than $249 million coming into the fund on Tuesday.
