Coinbase News: BlackRock Launches Bitcoin ETP in Europe

Global asset manager BlackRock, known for its large U.S. spot Bitcoin ETF, has expanded its crypto offerings to Europe with the listing of a Bitcoin exchange-traded product (ETP). Here’s a closer look at the development.

BlackRock to List Bitcoin ETP in Europe

BlackRock, the global asset manager behind the largest U.S. spot Bitcoin ETF, is set to list a bitcoin exchange-traded product (ETP) in Europe. The iShares Bitcoin ETP will trade on Xetra and Euronext in Paris under the ticker IB1T and on Euronext Amsterdam as BTCN. This marks BlackRock’s first crypto ETP outside North America. BlackRock’s iShares Bitcoin Trust ETF (IBIT) is the largest of the 12 spot bitcoin ETFs listed in the U.S., with net assets worth over $50 billion. Coinbase, which provides custody for IBIT, will do the same for the European product. The fee for the European ETP is temporarily reduced by 10 basis points to 0.15%.

XRP Legal Experts Slam Coinbase’s Self-Interest in SEC Fight

XRP lawyer Bill Morgan criticized Coinbase for staying silent during Ripple’s SEC battle, only reacting when the SEC filed a case against them. Fred Rispoli accused Coinbase of acting out of profit and not for the community. Coinbase faces strong criticism from XRP lawyers amid ongoing tensions surrounding the Ripple vs SEC lawsuit. Legal experts accuse the crypto exchange of prioritizing its interests over community welfare. Pro-XRP voices highlight Coinbase’s earlier silence in the Ripple case.