Key Takeaways
- BNP Paribas has invested in the BlackRock iShares Bitcoin Trust ETF.
- The ETF has seen over $200 billion in trading volume since its launch.
- Future Bitcoin ETF investments may include contributions from sovereign wealth funds and pensions.
Europe’s second-largest bank, BNP Paribas, has taken a notable step by investing in BlackRock’s iShares Bitcoin Trust ETF (IBIT).
This move puts the bank ahead of many U.S. wealth and pension funds in the race to adopt Bitcoin-based investment products.
$200 billion traded in BlackRock Bitcoin ETF
Since its launch earlier this year, BlackRock’s Bitcoin ETF has seen over $200 billion in trading volume.
Future outlook for institutional Bitcoin investments
Robert Mitchnick, BlackRock’s head of digital assets, discussed the increasing interest in Bitcoin from various institutional investors, including sovereign wealth funds and pensions.
