BlackRock has expanded its dominance in the digital asset space with the launch of a new Bitcoin Exchange Traded Product (ETP) in Europe. The move provides European institutional investors with a regulated, familiar vehicle to gain exposure to Bitcoin.
Market watchers believe this will increase liquidity and reduce volatility over time. “BlackRock’s entry into the European ETP market is a seal of approval that risk-averse funds have been waiting for,” noted a global market strategist.
References:
- BlackRock (Official): https://www.blackrock.com/
- Reuters Finance: https://www.reuters.com/finance
