The world’s largest asset manager BlackRock is launching a bitcoin exchange-traded product in Europe. The iShares Bitcoin ETP is set to be listed on Germany’s Xetra and Paris’s Euronext under the ticker IB1T, and on Amsterdam under the ticker BTCN.

Trump Media & Technology Group is entering the crypto investment business through a new partnership with Crypto.com, aiming to launch a series of digital asset exchange-traded funds (ETFs) under the “Truth.Fi” label.

Binance has suspended a Wallet team employee accused of front-running a token launch using confidential information obtained during a previous role at BNB Chain, the company said.

Top stories in the Crypto Roundup today:

• BlackRock Launches Bitcoin ETP in Europe Following U.S. Fund’s Breakout Success
• Trump Media Teams Up With Crypto.com to Launch Digital Asset ETFs
• Binance Suspends Wallet Team Employee Over Alleged Front-Running of Token Launch

BlackRock Launches Bitcoin ETP in Europe Following U.S. Fund’s Breakout Success

The world’s largest asset manager BlackRock is launching a bitcoin exchange-traded product in Europe. The iShares Bitcoin ETP is set to be listed on Germany’s Xetra and Paris’s Euronext under the ticker IB1T, and on Amsterdam under the ticker BTCN.

At launch, BlackRock will temporarily lower the fund’s fee to 0.15%, effectively undercutting some competitors in the region. For context, CoinShares’ $1.3 billion physical bitcoin product charges 0.25%, the same after BlackRock’s fee waiver period ends. 

The low-cost entry may help attract a broader range of investors in a European market that, while early to offer crypto ETPs, has remained relatively small at $13.6 billion in total assets.

The fund will be backed by physical bitcoin held in custody by Coinbase and issued by a Swiss-based special purpose vehicle. It’s accessible to both institutional and informed retail investors.

Trump Media Teams Up With Crypto.com to Launch Digital Asset ETFs

Trump Media & Technology Group is entering the crypto investment business through a new partnership with Crypto.com, aiming to launch a series of digital asset exchange-traded funds (ETFs) under the “Truth.Fi” label.

The social media company behind Truth Social said the products will debut this year in the U.S., Europe and Asia, pending regulatory approval. The ETFs will be hosted on a platform operated by Foris Capital, a New Hampshire-based entity acquired by Crypto.com last year. 

The lineup will include exposure to Cronos, a virtual currency affiliated with the Singapore-based exchange.

Since taking office, Trump’s administration has shifted the regulatory tone. The U.S. Securities and Exchange Commission (SEC) has scaled back or paused enforcement against several crypto firms, including Coinbase and Binance.

Binance Suspends Wallet Team Employee Over Alleged Front-Running of Token Launch

Binance has suspended a Wallet team employee accused of front-running a token launch using confidential information obtained during a previous role at BNB Chain, the company said.

The employee allegedly used multiple wallets to buy tokens ahead of a Token Generation Event, then sold part of the holdings for a quick profit. Binance described the conduct as a “clear breach of company policy” and confirmed the staffer has been removed from duty pending further investigation.

The company says it has found no evidence of broader insider trading within the Wallet team but is taking the matter seriously and will cooperate with authorities to explore possible legal action.

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