iShares Bitcoin ETP

iShares Bitcoin ETP is a physically backed exchange-traded product designed to provide direct exposure to the price movements of Bitcoin. The ETP holds actual Bitcoin in cold storage, with custodial services provided by Coinbase Custody International Ltd., ensuring that each security is fully collateralized by the underlying cryptocurrency. Launched in March 2025 and managed by BlackRock, one of the world’s largest asset managers, iShares Bitcoin ETP enables investors to access the cryptocurrency market through a regulated and familiar financial instrument without needing to handle or store digital assets themselves. Featuring a competitive total expense ratio of 0.15% per annum, it is among the most cost-effective Bitcoin ETPs available. The product targets both retail and institutional investors seeking efficient, transparent, and secure participation in the Bitcoin market. Its role in the European financial landscape is significant, as it brings increased accessibility and operational simplicity to cryptocurrency investing, allowing investors to trade Bitcoin exposure within standard exchange and portfolio frameworks.