BlackRock Bitcoin ETP Joins London Stock Exchange After UK Eases Crypto Ban

BlackRock's iShares Bitcoin ETP (ticker: IB1T) commenced trading on the London Stock Exchange, marking the asset manager's first such product in the U.K. after the Financial Conduct Authority (FCA) lifted its ban on specific bitcoin-based exchange-traded products (ETPs). This product allows retail investors regulated market access to bitcoin exposure without direct cryptocurrency ownership and is already listed on European exchanges like Xetra and Euronext. Concurrently, 21Shares also debuted four of its crypto ETNs for U.K. retail investors, including bitcoin and ether products. 21Shares CEO Russel Barlow noted that ending the ban levels the playing field with Europe. BlackRock, a global asset manager overseeing over $13 trillion, has seen significant success with its crypto products, including its flagship U.S. spot bitcoin ETF, IBIT.

(Source：CoinDesk)