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BLACKROCK plans to release bitcoin replacement products in Europe following the success of Bitcoin ETF in the United States. The company aims to supervise $ 4.4 trillion ETF assets worldwide and expand digital assets in Europe.
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According to Blackrock’s report, Bitcoin ETP in Europe and the success of the runaway of IBIT in Europe. For We are ready to expand the encryption product line. A source of information that has knowledge of problems that demanded anonymity for the secret nature of the plan.
The planned fund for Switzerland will be the first black rock Crypto ETP in the European market. One of the world’s leading asset managers, which had previously focused on North America, launched an IBIT fund and later introduced ISHARES Bitcoin ETFs in CBOE Canada. According to the sources, the new ETP may debut immediately this month.
BLACKROCK’s Ibit has become one of the largest bitcoin ETFs since its release last January, accumulating about $ 58 billion -worth bitcoin as of February 4. According to Vettafi, the fund is ranked 31st in all categories, including conventional financial products.
IBit led the Bitcoin ETF market with a five -day consecutive victory, attracting nearly $ 934 million in pure inflow since January 30. Most of the increase in the Bitcoin ETF market is about $ 249 million just yesterday, according to Farside data.
The Crypto ETP market in Europe is currently equipped with more than 160 products that track various digital assets, which are smaller than the US market. This expansion is because Bitcoin has reached a new high this year, as the clarity of regulations is increasing following the implementation of the EU’s new encryption rules.
High -interest relationship, uncertain result
Bloomberg ETF Analyst Analyst Analyst James Seika speculated that the black rock may first use a “rapper” to consider duplication of Canadian bitcoin ETF structures in Europe. approach, ETF owns IBit shares registered in the United States. But he Quickly We have confirmed that this strategy is unlikely to be allowed under the EU regulation.
The sources have said that the EU regulators are in place for such a workaround, and they are likely to require Black Rocks to launch a standalone European bitcoin ETF. 。 This requires another approach, and the Spotlight is charged from the front.
“I know that this is unlikely to be allowed. With EU. So that’s right Na interesting To see what they claim Assume They will release standalone products. In the United States, the total cost is 25 BPS. Canada is 32 BPS, “he wrote in X. “there is Already 25 BPS, in Europe, in Europe, which contains low products, contains products that include zero expense ratio products. “
Beyond the underlying hurdles and price settings, black rock faces more basic tasks: market size and investor’s appetite, Sejart’s fellow Bloomberg ETF Analyst, Eric Barchunus, Share In comment.
The United States is just a bitcoin ETF market a Age has exploded in popularity and has gained a tremendous 91 % of the world market share. In contrast, Europe is quite late. European investors are sophisticated, but they have been very enthusiastic about it. Investment products of resonating high octane value With our investors.
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