TechFlow reported on February 6 that, according to TheBlock citing Bloomberg, BlackRock, the world's largest asset management firm, is preparing to launch a bitcoin-related ETP (exchange-traded product) in Europe. The product may be based in Switzerland.
Currently, BlackRock's iShares Bitcoin Trust ETF is the largest bitcoin-related product, with nearly $57 billion in assets under management.
The European cryptocurrency ETP market is highly competitive, with over 160 products tracking prices of bitcoin, ether, and other tokens. However, its $17.3 billion market size pales in comparison to that of the United States.
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