PiCK
"BlackRock Plans to Launch Bitcoin (BTC) Spot Investment Product in Switzerland"
Minseung Kang
Summary
- BlackRock plans to launch a Bitcoin spot investment product in Switzerland.
- It highlighted the possibility of a significant influx of institutional funds into the European cryptocurrency market.
- It added that BlackRock's Bitcoin ETF has seen the largest inflow of funds in history, with investor demand continuously increasing.
Global asset management firm BlackRock is reportedly planning to launch a Bitcoin (BTC) spot investment product in Switzerland.
On the 9th, cryptocurrency-focused media Bitcoin News reported via X (formerly Twitter) that "BlackRock is preparing to launch a Bitcoin spot investment product in Switzerland," adding that "this could be a catalyst for a significant influx of institutional funds into the European cryptocurrency market."
The media outlet added, "Larry Fink, CEO of BlackRock, has assessed that Bitcoin can be a 'safe haven' during times of currency devaluation," and noted that "BlackRock's Bitcoin ETF has seen the largest inflow of funds in history, with institutional investor demand continuously increasing."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.