Despite recent efforts, Bitcoin adoption within European financial institutions remains sluggish compared to the United States. This discrepancy stems from Europe’s complex and fragmented regulatory landscape. While BlackRock’s launch of a Bitcoin exchange-traded product (ETP) signifies progress, adoption continues to lag behind the U.S., where landmark regulations are paving the way for greater investor participation. Despite this, European companies have been cautious, with only a handful of major players like BNP Paribas and Bitpanda publicly engaging with Bitcoin. [Include relevant details about Bitpanda’s survey on European financial institutions] A recent study by Bitpanda suggests potential underestimation of crypto investor demand in Europe, highlighting a considerable gap between perceived interest and actual participation. The EU aims to clarify its regulatory framework, but challenges remain in implementation and consistency across member states. This slow adoption is attributed to Europe’s cautious investment mandates and the lack of a unified stance on Bitcoin regulation. Despite these hurdles, BlackRock’s ETP launch offers hope for boosting institutional confidence. As regulations evolve, increasing demand and clearer guidelines may further propel adoption rates in Europe.