BlackRock Inc. is preparing to launch a spot Bitcoin exchange-traded product (ETP) in Europe, with plans to market it from Switzerland imminently. This initiative builds on BlackRock's previous Bitcoin ETF successes in Canada and Brazil and follows the historic launch of their U.S.-based spot Bitcoin ETF, IBIT, which garnered immense popularity. CEO Larry Fink has expressed strong belief in Bitcoin's potential, projecting its price could reach $700,000 amid growing interest and economic uncertainties. This development signals BlackRock's commitment to expanding its footprint in the cryptocurrency space.
BlackRock is launching a spot Bitcoin ETP in Europe, reflecting its ongoing international expansion and confidence in Bitcoin as an investment asset.
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