Bitcoin: BlackRock plans BTC ETP launch in Europe, but… – BitRss

• BlackRock eyes Europe for international expansion of its BTC ($96,671.99)-related ETP ($0.00) products. 
• ETF analyst Eric Balchunas is pessimistic about the likely demand for the EU ETP.  

BlackRock, the world’s largest asset manager with over $11 trillion in AUM (assets under management), plans to expand its Bitcoin-related exchange-traded products to Europe. 

According to a Bloomberg report, the fund is likely to be domiciled in Switzerland, and the marketing efforts for the product could kick off as early as this month, per close sources interviewed by the publisher.

U.S., Asia dominate BTC ETFs

Commenting on the update, Bloomberg’s senior ETF analyst noted that the U.S. and Asia currently dominate the BTC ETF market.

The analyst also said that Europe isn’t much into ‘hot’ trends. 

“Europe barely on leaderboard of spot bitcoi…