BlackRock (BLK), the global asset manager behind the largest spot Bitcoin (BTC) Exchange-Traded Fund (ETF), is set up to list Bitcoin Exchange Trade Products (ETPs) in Europe, the first crypto ETP outside North America.
iShares Bitcoin ETP will trade as BTCN on Paris’ Xetra and EuroNext and EuroNext Amsterdam on Tuesday under the ticker IB1T, according to the listing on the iShares website.
BlackRock’s Ishares Bitcoin Trust ETF (IBIT) is the largest of the 12 spot Bitcoin ETFs listed in the US, with net worth over $50 billion and cumulative net inflows of just under $40 billion, according to data tracked by SoSovalue.
Coinbase (Coin), which provides custody to IBIT, does the same for European products.
The European ETP fee will be reduced by 10 basis points to 0.15% until the end of 2025.
The ETP introduction was previously reported by Bloomberg.
