- BlackRock has been approved as a crypto firm by the FCA.
- This means the investment giant can provide crypto services in the UK.
- It comes after it announced a Bitcoin ETP in Europe.
BlackRock has just been approved by the UK’s top financial markets regulator as a crypto asset firm.
That means that the investment giant, which has about $12 trillion of assets under management, can operate its new European Bitcoin exchange-traded product as a UK entity.
The roll-out of the new iShares Bitcoin ETP comes after BlackRock debuted its spot Bitcoin exchange-traded fund in the US in January 2024, which has since become the largest US ETF with over $47 billion of assets.
It and other US spot Bitcoin ETFs raked in over $107 billion during their first year of trading.
BlackRock declined to comment.
FCA listing
BlackRock became the 51st company to be registered as a crypto asset firm with the Financial Conduct Authority on April 1, according to the regulator’s website.
It joins a list that includes the likes of Coinbase, PayPal, and Revolut. The agency has been criticised in the past for only…
