BlackRock wins nod to become crypto asset firm in the UK – DL News

  • BlackRock has been approved as a crypto firm by the FCA.
  • This means the investment giant can provide crypto services in the UK.
  • It comes after it announced a Bitcoin ETP in Europe.

BlackRock has just been approved by the UK’s top financial markets regulator as a crypto asset firm.

That means that the investment giant, which has about $12 trillion of assets under management, can operate its new European Bitcoin exchange-traded product as a UK entity.

The roll-out of the new iShares Bitcoin ETP comes after BlackRock debuted its spot Bitcoin exchange-traded fund in the US in January 2024, which has since become the largest US ETF with over $47 billion of assets.

It and other US spot Bitcoin ETFs raked in over $107 billion during their first…

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