Overview

• 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.