Krutika Adani
On April 1, 2025, BlackRock, managing $12 trillion in assets, secured FCA approval as a crypto asset provider in the UK.
BlackRock’s iShares Bitcoin exchange-traded product (ETP) has launched on Euronext exchanges in Paris and Amsterdam.
In January 2024, BlackRock launched the iShares Bitcoin Trust (IBIT) in the U.S., which quickly amassed over $47 billion in assets. This helped U.S. spot Bitcoin ETFs exceeding $107 billion in their debut year.
With Bitcoin trading above $84,000 and dominating over 61% of the crypto market, BlackRock’s UK expansion taps into rising institutional demand for regulated crypto investment opportunities.
Industry experts speculate that BlackRock might soon introduce an XRP-focused ETF. Analysts believe its UK entry could accelerate Britain’s role as a global crypto innovation hub.