BlackRock Launches Bitcoin ETP in Europe

BlackRock, the world’s largest asset manager, has launched its first Bitcoin exchange-traded product (ETP) in Europe, further expanding its presence in digital assets.

The iShares Bitcoin ETP is now listed on the Euronext Paris, Euronext Amsterdam, and Xetra exchanges. According to iShares, the ETP is backed by Bitcoin held in cold storage by Coinbase Custody International Ltd. The European product’s management fee has been temporarily reduced to 0.15% — a 10 basis point discount — until the end of 2025.

The move underscores BlackRock’s growing focus on digital assets, following the success of its iShares Bitcoin Trust, the largest spot Bitcoin exchange-traded fund (ETF) in the US. Since its launch in January 2024, the fund has recorded around $40 billion in net inflows and currently holds approximately $51 billion in assets, according to SoSoValue.

While BlackRock is the latest player in the European crypto ETP market, digital asset managers CoinShares and 21Shares have long dominated the space, together accounting for nine of the top 20 ETPs by assets, according to ETFbook.

BlackRock Brings BUIDL to Solana

In addition to its Bitcoin expansion, BlackRock has brought its tokenized money market fund, BUIDL, to the Solana blockchain.

Launched in March 2024 on Ethereum, BUIDL allows investors to hold tokenized shares backed by US Treasury bills and cash, earning US dollar yields on-chain. The fund recently surpassed $1 billion in assets under management (AuM), according to a press release by Securitize.

BUIDL is now available on seven blockchains: Aptos, Arbitrum, Avalanche, Ethereum, Optimism, Polygon, and Solana. Thanks to cross-chain interoperability enabled by Wormhole, investors can now facilitate seamless and secure token transfers across these networks

“As the market for RWAs and tokenized Treasuries gains momentum, expanding BUIDL to Solana—a blockchain known for its speed, scalability, and cost efficiency—is a natural next step,” said Carlos Domingo, co-founder and CEO of Securitize.