BlackRock has launched a crypto exchange-traded product (ETP), which allows investors to trade in bitcoin exposure on European stock exchanges via conventional trading accounts.
The iShares Bitcoin ETP has a total expense ratio (TER) of 25 basis points and includes a temporary fee waiver of 10bps, effective until 31 December 2025, enabling a reduced TER of 15bps. Investors pull out of European crypto funds in 2024 amid market and political buzz The ETP's securities are 100% physically backed by bitcoin, held directly through Coinbase, a cryptocurrency exchange and digital wallet platform. "Coinbase's custody system combines physical security, multiparty computation, and strict process controls to secure private keys and client assets," BlackRock stated. "F...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
