BlackRock Receives UK Approval for Bitcoin ETP Launch on Euronext

BlackRock has secured regulatory approval from the UK’s Financial Conduct Authority (FCA) to launch its new Bitcoin exchange-traded product (ETP) on Euronext, marking a significant step in the company’s expansion into the crypto space. The FCA approval grants BlackRock permission to operate as a crypto asset firm and enable it to offer its European Bitcoin ETP, IB1T, to UK investors.