Europe's largest asset manager Amundi to launch a Bitcoin (BTC) ETF
JH Kim
Summary
- Europe's largest asset manager Amundi said it will launch a Bitcoin (BTC) ETF in Europe early next year.
- It said Amundi's move is intended to respond to the crypto asset ETF competition from major global managers such as BlackRock.
- It said Amundi's BTC ETF launch is expected to expand crypto asset investment opportunities in the European market.
On the 13th (local time), according to crypto-focused media CryptoBriefing, Europe's largest asset manager Amundi will launch a Bitcoin (BTC) exchange-traded fund (ETF) in Europe early next year.
The outlet said, "It is a move by Amundi to enter the crypto asset ETF competition so as not to fall behind BlackRock, which manages IBIT, the world's largest BTC spot ETF."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
