Hi HODLers, Hiveans and Lions,
The possible fund would be based in Switzerland.
- Blackrock (BLK) plans on listing a bitcoin exchange traded product (ETP) in Europe with marketing to begin as soon as this month, reports Bloomberg.
- This would be the asset manager's first crypto-linked ETP outside of America.
- The company's U.S.-based bitcoin ETF has accumulated nearly $60 billion in AUM in just more than a year of operation.
Lots of questions are surrounding this product. Fees are definitely unkown at this point in time.
For some ETPs these could go as high as 2%/year!