BlackRock Becomes UK Crypto Asset Firm: A Sign of Institutional Interest?

BlackRock has secured approval from the UK’s Financial Conduct Authority (FCA) to operate as a crypto asset firm, opening doors for institutional investment in digital assets. This move signals a significant shift towards mainstream adoption of cryptocurrency in Europe. BlackRock will now be able to offer its Bitcoin ETP (IB1T) to institutional investors in the UK, expanding on their existing offerings already available in the U.S. Blackrock’s entry is part of a broader trend of institutional interest in crypto, with firms like Coinbase and PayPal also pursuing regulatory approval.