Black Rock intends to include securities associated with Bitcoin on European stock exchanges

Blackrock, the largest asset manager in the world, plans to include an ETP financial product directly linked to BTC in European markets, after the success of its American fund, at a value of $ 58 billion, and is intended to track this digital currency.

Documentary sources suggest that the headquarters of the new fund will be in Switzerland, and the company may start promoting it this month.

Black Rock is a pioneer in the issuance of traded boxes, as it runs more than $ 4.4 trillion through these products, and despite the circulation of financial products related to cryptocurrencies on European stock exchanges for years.

However, the new box will be the first of its kind for Black Rock outside North America.

Black Rock has been one of the most prominent supporters of digital assets in Wall Street in recent years.

The CEO of the company, Larry Fink, confirmed earlier last month during the World Economic Forum in Davos on the benefits of BTCC as a way to hedge against the deterioration of the value of other currencies.

The American investment funds directly related to Bitcoin BTC have witnessed a tremendous demand since its launch a year ago, as it attracted 116 billion dollars across 12 funds.

The IBIT Rock is the largest of these boxes, as it broke records as the best launch of an investment fund in history.

The prices of cryptocurrencies have also witnessed a significant increase since US President Donald Trump was re -elected, as Bitcoin set a record that touched 109.241 thousand dollars in January.

This is with expectations that more financial institutions enter that market, especially with Trump’s public support to the sector and promised him new organizational measures that provide clearer instructions for companies.

Despite the intense competition in the European market for ETP products associated with encrypted currencies, it includes more than 160 products to track the prices of Bitcoin BTC and Ethereum ETH and other currencies, its size of $ 17.3 billion is still small compared to the American market.