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March 25, 2025Markets & financeLaunches & foundingsdocumented

BlackRock's first European Bitcoin ETP begins trading

The iShares Bitcoin ETP listed on Xetra and Euronext exchanges as a physically backed European product.

The security referenced the CME CF Bitcoin Reference Rate and used Coinbase Luxembourg as custodian. It was a debt security under a crypto-linked securities program rather than a UCITS fund.