BlackRock recently launched an Exchange-Traded Product (ETP) for Bitcoin in Europe, prompting discussions about the continent’s slow progress in adopting cryptocurrencies. Experts point to complex regulatory frameworks and limited institutional investment as potential barriers to wider Bitcoin adoption in Europe. Despite this slow growth, some early adopters are starting to emerge, including financial giants like BNP Paribas, 21Shares AG, VanEck Europe, Jacobi Asset Management, and Bitpanda. While the US has taken significant steps towards crypto regulation, notably through the establishment of a federal Bitcoin reserve, it’s unclear how this will impact European adoption.