Share this article
BlackRock to List Bitcoin ETP in Europe in First Crypto Foray Outside U.S.
BlackRock's IBIT is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets of over $50 billion.
Updated Mar 25, 2025, 11:34 a.m. Published Mar 25, 2025, 9:05 a.m.
What to know:
- BlackRock is set to list a bitcoin exchange-traded product in Europe.
- The iShares Bitcoin ETP will list on Xetra and Euronext in Paris with the ticker IB1T and on Euronext Amsterdam as BTCN
- The product will have a temporary waiver fee of 10 basis points, reducing its fee to 0.15% until the end of 2025.
BlackRock (BLK), the global asset manager behind the largest U.S. spot bitcoin (BTC) exchange-traded fund (ETF), listed a bitcoin exchange-traded product (ETP) in Europe on Tuesday, its first crypto ETP outside North America.
The iShares Bitcoin ETP started trading on Xetra and Euronext in Paris under the ticker IB1T and on Euronext Amsterdam as BTCN, according listing details on iShares' website.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company's iShares Bitcoin Trust ETF (IBIT) is by far the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets worth over $50 billion and cumulative net inflows of just under $40 billion, according to data tracked by SoSoValue. An equivalent product listed in Canada in January.
Although the listing of bitcoin ETFs in the U.S. at the start of 2024 was considered a watershed moment for the crypto industry, similar products have existed in Europe for several years as ETPs.
Digital asset managers CoinShares and 21Shares have led the way, accounting for nine of the top 20 ETPs by assets between them, according to data tracked by ETFbook. CoinShares Physical Bitcoin ETP is the largest, with $1.3 billion under management and a 0.25% fee.
Coinbase (COIN), which provides custody for IBIT, will do the same for the BlackRock's European product. The fee for the European ETP is temporarily reduced by 10 basis points to 0.15% until the end of 2025.
BlackRock's ETP introduction was reported earlier by Bloomberg.
UPDATE (March 25, 11:34 UTC): Adds trading started in first paragraph, Canada ETF in third, European industry in fourth.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
