BlackRock is rolling out a Bitcoin ETF in Europe
After clinching the American crypto market with more than $56 billion in investment into its IBIT offering, BlackRock is now looking to launch a similar product in Europe, according to a Bloomberg report. BlackRock declined to comment
BlackRock, the $12 trillion asset manager, is looking to spread the Bitcoin word across Europe.
After clinching the American crypto market with more than $56 billion in investment into its IBIT offering, BlackRock is now looking to launch a similar product in Europe, according to a Bloomberg report. BlackRock declined to comment.
European Bitcoin appetite
The top five Bitcoin funds in Europe are worth more than $5.3 billion, according to ETF Screener.
The same five products in the US are worth $107 billion — 20 times larger than those across the Atlantic.
Several forces are at work keeping European investors from ploughing into crypto coins.
The average household savings rate within the Eurozone was about 15% in 2024, according to the European Commission. In the US, that figure was closer to 4% in December, according to the Bureau of Economic Analysis.
Likewise, European retirement systems aren’t as predicated on earning returns in the capital markets.
