BlackRock ETF Trust Price & Performance (TEK)

BlackRock has introduced its first Bitcoin exchange-traded product (ETP) in Europe, marking its initial foray into crypto outside North America. The iShares Bitcoin ETP will trade on Xetra, Euronext Paris, and Amsterdam, with a temporary fee reduction to 0.15% until year-end. This move reflects growing institutional interest in digital assets.123

BlackRock's iShares Bitcoin Trust ETF (IBIT) saw record outflows of $418 million in one day, leading a broader sell-off in Bitcoin ETFs, which totaled $754.6 million. Bitcoin's price fell to $84,900, driven by risk-averse sentiment and trade-war fears. Analysts suggest the crypto market may face continued pressures.456

BlackRock has incorporated its iShares Bitcoin Trust ETF (IBIT) into $150 billion worth of model portfolios marketed to financial advisors. Allocations range between 1% and 2%, potentially boosting demand for Bitcoin exposure. This development underscores Bitcoin's growing acceptance within traditional investment strategies.789