European Bank BNP Paribas and BlackRock Foster Bitcoin ETF Inclusion

By: Isha Das

Investments in Bitcoin ETFs are gaining momentum as observed by the latest moves from global financial institutions. BNP Paribas, the second-largest European bank, recently bought shares of BlackRock's Bitcoin ETF, according to an SEC filing. The institution purchased IBIT shares in the first quarter of 2024, albeit the quantity was below one bitcoin at the current market price.

On the other hand, BlackRock, a renowned asset manager, is engaging in educational ventures to provide pension funds, endowments, and sovereign wealth funds with knowledge about the new spot bitcoin ETF products. This proactive endeavour is led by the firm's head of digital assets and is shaping the future of institutional participation in bitcoin ETFs.