Here's Why Bitcoin Could Soon Get a Big Boost
Bitcoin (CRYPTO: BITCOIN) surged in value after Donald Trump's election win back in November. But that momentum has slowed recently, and the popular cryptocurrency has struggled to climb above the $100,000 mark again and stay there. This could be a sign of some apprehension in the markets about Trump's prposed tariffs and their effect on the economy.But a catalyst could be coming soon to generate some excitement and possibly lead to more buying. And that's the launch of a Bitcoin exchange-traded product (ETP) in Europe.According to a report from Bloomberg, top asset management firm BlackRock is looking at launching a Bitcoin ETP in Europe soon. It would be the first European crypto ETP, and it could lead to many more such ETPs. Something like that happened in the U.S. last year when many Bitcoin exchange-traded funds (ETFs) launched after the Securities and Exchange Commission (SEC) gave its approval.Continue reading
Bitcoin (CRYPTO: BITCOIN) surged in value after Donald Trump's election win back in November. But that momentum has slowed recently, and the popular cryptocurrency has struggled to climb above the $100,000 mark again and stay there. This could be a sign of some apprehension in the markets about Trump's prposed tariffs and their effect on the economy.
But a catalyst could be coming soon to generate some excitement and possibly lead to more buying. And that's the launch of a Bitcoin exchange-traded product (ETP) in Europe.
According to a report from Bloomberg, top asset management firm BlackRock is looking at launching a Bitcoin ETP in Europe soon. It would be the first European crypto ETP, and it could lead to many more such ETPs. Something like that happened in the U.S. last year when many Bitcoin exchange-traded funds (ETFs) launched after the Securities and Exchange Commission (SEC) gave its approval.
