BlackRock will launch its first Bitcoin exchange-traded product (ETP) in Europe, marking its first cryptocurrency support product outside of North America. The product will be listed on the Paris, Amsterdam, and Xetra exchanges, with codes "IB1T" and "BTCN" respectively. The Bitcoin is supported by Coinbase Custody International Ltd., utilizing cold storage protection. BlackRock's spot Bitcoin ETF in the U.S. has achieved significant success, with a cumulative net inflow of $39.8 billion.