BlackRock's UK Bitcoin ETP has been listed on the London Stock Exchange
According to ChainCatcher, BlackRock's bitcoin exchange-traded product (ETP) has been listed on the London Stock Exchange, with the trading code IB1T. This is the asset management company's first launch of such a product in the UK, following the Financial Conduct Authority (FCA) lifting its ban on certain bitcoin-related ETPs.
The product has already been listed on several European exchanges, including Xetra, Euronext Amsterdam, and Euronext Paris, allowing retail investors to indirectly invest in bitcoin through regulated markets without directly holding the cryptocurrency. In addition, Swiss-based 21Shares has also launched four flagship crypto ETNs for UK retail investors for the first time, including bitcoin (ABTC) and ethereum (AETH) staking products, as well as two low-fee "Core" products, CBTC and ETHC, with a management fee of 0.1%. BlackRock currently manages over $13 trillions in assets, and its flagship bitcoin ETF, iShares Bitcoin Trust (IBIT), has $85.5 billions in net assets, making it the world's largest spot bitcoin ETF.
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