Blackrock was set to launch his first exchange product (ETP) in Europe.
According to reports, European Bitcoin ETP is expected to reach the market early February 2025. The fund will exclude its headquarters in Switzerland.
It is worth noting that this step comes in the wake of Blackrock’s success through ISHares Bitcoin Trust (IBIT), which is based in the United States, which raised great assets worth $ 58 billion under management.
The world’s largest asset manager is expected to bring more than $ 4.4 trillion of credibility management assets in the European market and attract more investor interests.
More importantly, the SEC file revealed that Blackrock has also raised its strategy’s share, which was previously Micrudeji, to 5 %.
As of February 6, 2025, the company owns about 11.2 million shares. This increased from 4.09 % in September 2024.
After the disclosure, the strategy shares increased by 2.8 % in pre -market trading, reaching $ 331.90 per share.
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Blackrock increases its ownership of the strategy $ Mstr To 5 % – second fillings pic.twitter.com/mttd1dwpda
Bitcoin (PitcoinMagazine) Magazine February 7, 2025
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WEF 2025: Blackrock CEO says that BTC can reach $ 700,000
The World Economic Forum (WEF) meeting of 2025 in Davos, Switzerland, which will be held from 20 to 24 January 2025, the leaders of industry are witnessing under the topic of “cooperation with the smart age”.
“If you are afraid of your work, or your country’s economic or political stability, you can get a global level of bitcoin that will overcome these concerns Local.
“I am a great believer to use it as a tool,” Fink said.
*Find Blackrock: “If you are afraid to stimulate your currency, or … from the economic or political stability of your country, you can get an internationally dependent tool called Bitcoin that will overcome these local concerns .. [BTC] It can be 500 thousand dollars, 600 thousand dollars, 700 thousand dollars … ” pic.twitter.com/hxdlwnbyz6
Alex Thorn (Intangiblecoins) January 22, 2025
Speaking about increasing the allocation of the wallet for encryption, Fink said: “I was with a sovereign wealth box this week and this conversation -” Do we have to allocate 2 %, do we have to allocate 5 %? – If every person adopts this conversation, it will be $ 500,000, $ 600,000, 700,000 dollars per bitcoin, “
After saying this, Fink explained that he did not promote anything.
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Post Blackrock ETP associated with Bitcoin in Europe: A strategy strategy appeared to 5 % first appeared on 99bitcoins.