iShares Bitcoin ETP

iShares Bitcoin ETP is a physically backed exchange-traded product designed to provide investors with direct exposure to the price movements of Bitcoin. Each security is fully collateralized by actual Bitcoin holdings, with the underlying cryptocurrency securely held by a regulated custodian, ensuring transparency and robust asset backing. The product is managed by BlackRock, one of the world’s largest asset managers, and is listed under the symbol BTCN. The primary function of the iShares Bitcoin ETP is to track the performance of Bitcoin, enabling investors to participate in the cryptocurrency market through a traditional financial instrument without the technical and operational complexities of directly acquiring or storing digital assets. It appeals to both institutional and individual investors by offering liquidity, cost efficiency, and stringent regulatory oversight. Notable features include a competitively low total expense ratio of 0.15% per annum, reflecting a temporary waiver to attract broad adoption. This ETP plays a significant role in bridging the gap between conventional finance and digital assets, underscoring the increasing institutional acceptance and accessibility of cryptocurrencies in global markets. The launch of this product marks BlackRock’s first introduction of a crypto-backed ETP outside North America, highlighting Europe’s evolving role in regulated digital asset investment opportunities.