Summary
- It was reported that BlackRock has obtained a virtual asset company license from the UK's Financial Conduct Authority.
- With this approval, BlackRock announced that it can operate a Bitcoin Exchange-Traded Product within Europe as a UK entity.
- BlackRock reported that it launched the iShares Bitcoin ETP in Europe last month and listed it on several exchanges.
According to DL News, a media outlet specializing in virtual assets (cryptocurrency), global asset manager BlackRock has obtained a virtual asset company license from the UK's Financial Conduct Authority (FCA) as of the 1st (local time).
With this approval, BlackRock can operate a Bitcoin (BTC) Exchange-Traded Product (ETP) within Europe as a UK entity.
Previously, BlackRock launched the iShares Bitcoin ETP in Europe last month, and the product was listed under the ticker IB1T on Germany's Xetra and France's Euronext Paris, and under the ticker BTCN on the Netherlands' Euronext Amsterdam.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
