Blackrock will launch its first Bitcoin connection exchange trading product (ETP) in Europe.
According to the report, the European Bitcoin ETP is expected to be released in the market in early February 2025, excluding Switzerland.
In particular, this measure, along with the US headquarters in the United States, has reached the heel of BLACKROCK’s success, with the executives’ assets of $ 58 billion.
The world’s largest asset manager with more than $ 4.4 trillion is expected to bring reliability in the European market and attract more investors.
Importantly, according to the SEC submission, BLACKROCK has previously found that it has previously increased its strategic stake in MicroStrategy to 5%.
As of February 6, 2025, the company has about 11.2 million shares. This increased from 4.09%in September 2024.
According to the release, the stock of the strategy rose 2.8% in the commercial trading, reaching $ 331.90 per share.
as soon as : : Blackrock increases ownership of strategy $ mstrer 5% -SEC filling pic.twitter.com/mtd1dwpda
-Bitcoin magazine (@Bitcoinmagazine) February 7, 2025
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WEF 2025: Blackrock CEO says that BTC can reach $ 700,000.
The 2025 World Economic Forum (WEF) meeting, held in Davos Switzerland, which will be held from January 20 to 24, 2025, is convened by industry leaders on the theme of “cooperation for intelligent era.”
Larry Fink, CEO of BLACKROCK, the world’s largest asset management company, said in a video interview: “If you are afraid of the withdrawal of currency or the economic or political stability of the country, you can have it internationally. The founder called Bitcoin will overcome the fear of these regions. ”
Fink said, “I am a big believer in using this as a tool.
*Blackrock’s Fink: “If you are afraid of your currency or the economic or political stability of your country, you can have an internationally -based tool called Bitcoin to overcome the fear of the area. (BTC) $ 500K, $ 600K, $ 700K… ” pic.twitter.com/hxdlwnbyz6
-Alex Thorn (@intangiblecoins) January 22, 2025
Fink talked about the increase in portfolio allocation for Crypto, saying, “This week I had sovereignty funds. ‘We must have 2% assignment. If everyone adopted the conversation, it would be $ 500,000 per bitcoin, $ 600,000, and $ 700,000. ”
Fink clearly stated that he didn’t promote anything.
Search: Bitcoin hit a new record! BTC rose 6% and exceeded $ 109,000.
Post Blackrock will launch Bitcoin connection ETP in Europe. Strategic stake was raised to 5%.