BlackRock launches its own Bitcoin ETF on the Tdhjgs market

BlackRock is launching its own Bitcoin ETF, iShares, on the European market. The instrument will be traded under the ticker IB1T on the Xetra and Euronext Paris platforms, and under the ticker BTCN in Amsterdam. Bloomberg reports this.

Notably, this is BlackRock's first foray into cryptocurrency funds outside of America. The company stated that Bitcoin will be stored on the Coinbase platform. IB1T, available to institutional and experienced retail investors, will be launched by a special-purpose company from Switzerland.

During the initial market launch, the cryptocurrency commission will be reduced to 0.15%. The preferential period will continue until the end of the year, after which the fee will be 0.25% annually.

Earlier, analysts at JPMorgan investment bank in the U.S. reported that in the first two weeks of March, miners earned about $48,300 as daily rewards for block mining, which is 11% less than in February.