BlackRock’s new European Bitcoin exchange-traded product (ETP) is a major step for Bitcoin’s institutional adoption in Europe, though analysts expect lower inflows than its US counterpart.
Bitcoin’s value struggled throughout February, enduring significant downturns. On February 27, the cryptocurrency dropped steeply, falling below $78,000 for the first time in more than three months.
Will Baker is a full-time associate editor at Investopedia. He has over a decade of experience as a writer and editor, covering investing, trading, and other aspects of financial journalism.
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