BlackRock is set to launch Europe's first Bitcoin Link Exchange Trade Product (ETP).
According to reports, European Bitcoin ETP is expected to be on the market as early as February 2025. The fund is excluded as being based in Switzerland.
In particular, the move follows BlackRock's success with the US-based iShares Bitcoin Trust (IBIT).
With assets under management of more than $4.4 trillion, the world's largest asset manager is expected to bring credibility to the European market and attract more investors' attention.
Importantly, SEC Filing revealed that BlackRock has increased its previous MicroStrategy strategy to 5%.
As of February 6, 2025, the company holds approximately 11.2 million shares. This is up from 4.09% in September 2024.
After disclosure, Strategic stocks rose 2.8% in pre-market trading to $331.90 per share.
just:
BlackRock increases ownership of strategy $MSTR 5% – SEC filling pic.twitter.com/mttd1dwpda
– Bitcoin Magazine (@bitcoinmagazine) February 7, 2025
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WEF 2025: BlackRock CEO says BTC can reach $700,000
The 2025 World Economic Forum (WEF) conference in Davos Switzerland, which will be held from January 20-24, 2025, brings industry leaders to the theme of “Collaboration in the Era of Intelligent.”
In a video interview, Larry Fink, CEO of BlackRock, the world's largest asset management company, said: These are devices called Bitcoin that overcome local fears. ”
“I have a great belief in using it as an instrument,” Fink said.
*Black Rock's Fink: “If you are afraid of currency shaking, or scare your country's economic or political stability, you will overcome those local fears, called Bitcoin International You can have a bass instrument. [BTC] It could be $500,000, $600,000, $700,000…” pic.twitter.com/hxdlwnbyz6
– Alex Thorne (@intangiblecoins) January 22, 2025
Speaking about the increase in portfolio allocation to Crypto, Fink said, “I was with a sovereign wealth fund this week, so that was the conversation. — If everyone adopted that conversation, it would be $500,000, That would be $600,000, or $700,000 per Bitcoin.”
Fink said he made it clear he hadn't promoted anything.
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BlackRock Post: Strategy's stock has been raised to 5%, with plans to launch Bitcoin Link ETP in Europe.
