Bitcoin: Blackkck plans BTC ETP launch in Europe, but …

• Blackcock Eyes Europe for international expansion of its ETP products associated with BTC.
• ETF Analyst Eric Balchunas is pessimistic about the probable demand for the EU ETP.

Blakkrock, the world’s largest property manager with over $ 11 trillion in AUM (assets under management), plans to expand his Bitcoin-This products that are traded in Europe.

According to Bloomberg reportThe fund is likely to be covered in Switzerland, and marketing efforts for the product could start this month, according to the narrow sources published by the publisher.

Us, Asia is dominated by BTC ETFS

Commenting on the update, Bloomberg’s older analyst ETF noted that the US and Asia currently dominate the BTC ETF market.

The analyst also said This Europe is not much in ‘hot’ trends.

“EUROPA barely on the Bitcoin ETFS spot panel. The American Spot ETF -only year and have 91%(!) A share in the world … If Blackkrock brings even part of the American terror, you should see success, even though you have In mind, Europeans are much less in ‘hot sauce’ than us and certain Asian countries. “

Source: x

Of this writing, the details of the product fees have not yet been public.

Accordingly, Blackkrock was one of the first publishers to take approval to launch an American BTC ETF in early 2024.

The product, Ishares Bitcoin Etf (Ibit), was the most successful and crypto scene in traditional markets.

Since February 4, Ibit has collected more than 585.3K BTC, worth a nearly $ 58 billion on the basis of printing markets.

Source: Ishares

The best bet is Bitcoin: Blackkock Executive Director

Interestingly, the Blackkock Larry Fink CEO also doubled the BTC. He reiterated that this was the best assets of the choice for anyone who sought refuge from Fiat Debasement (inflation) or political instability.

In fact, during the recent World Economic Forum in Davos, Switzerland, he specified,,

“If you are scared of breaking your currency or … the economic or political stability of your country, you can have an internationally grounded instrument called Bitcoin that will overcome these local fears. BTC could be $ 500k, $ 600,000, $ 700k”