BlackRock Launches Bitcoin Spot ETP on the London Stock Exchange

BlockBeats News, October 20th, following the UK regulatory authority's relaxation of restrictions on cryptocurrency investment instruments, BlackRock Group has officially launched a Bitcoin-linked Exchange-Traded Product (ETP) in the UK.

According to the asset management company's official website, the iShares Bitcoin ETP began trading on the London Stock Exchange on Monday.

As reported by The Sunday Times, the product is designed as a Bitcoin-linked security, allowing investors to purchase Bitcoin shares at a unit price of around $11. The ETP tracks the Bitcoin market price within a regulated framework, enabling UK investors to participate in Bitcoin investment through traditional brokerage accounts (rather than cryptocurrency exchanges).

BlackRock stated that this product provides retail investors with a channel to participate in the Bitcoin market under the UK securities regulatory framework. According to SoSoValue data, the product follows a similar structure to US and market-based products—currently, BlackRock's iShares Bitcoin ETF in the US has accumulated a net asset size of over $85 billion.