What is the Impact of BlackRock’s Bitcoin ETP?
Interesting development in the world of cryptocurrency as BlackRock’s iShares Bitcoin ETP has launched on the London Stock Exchange. The implications are huge and seem to open doors for a wider range of investors to access Bitcoin directly through regulated accounts, raising a few questions about the future of crypto adoption in the UK.
But is it a straightforward win?
What did BlackRock’s launch mean for the crypto landscape?
In my opinion, this marks a pivotal moment for cryptocurrency as it goes mainstream. In the U.S., we have seen how the approval of spot Bitcoin ETFs (exchange-traded funds) by the SEC attracted a flood of investments in Bitcoin from various quarters. The similar path here should lead to heightened institutional…
