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BlackRock, the world’s largest asset manager, is expanding its Bitcoin investment offerings to Europe after its success in the United States. The company is set to launch a Bitcoin exchange-traded product (ETP) in Switzerland, according to a Bloomberg report. This move follows the rapid growth of BlackRock’s iShares Bitcoin Trust (IBIT) in the U.S., which has accumulated more than $57 billion in assets since its launch in January 2024.
At the same time, Yeti Ouro (YETIO), a cryptocurrency project combining gaming and blockchain, is nearing the end of its second presale stage. The token’s price is set to increase as investor interest continues to grow. With only days left before the presale moves into stage 3, the team has decided to give a 25% bonus to all its investors until Sunday midnight.
BlackRock will issue a Bitcoin ETP in Switzerland as reported by Bloomberg. This comes after the launch of IBIT in the United States where it has attracted over $57 billion in net assets since January 2024. To the present, BlackRock has not publicly provided further information regarding the European product.
The new ETP will be the firm’s first Bitcoin investment tool outside North America. Today, BlackRock has approximately $4.4 trillion in exchange-traded products in every corner of the globe.
The asset manager as a result seeks to make Bitcoin accessible to institutional and retail investors in a regulated environment through venturing into the European market.
While the American market appeared to embrace Bitcoin ETFs more, the European market has not been very receptive to similar trading instruments. According to industry experts the depicted trend may stem from cultural and financial systems differences.
“Europe is barely on the leaderboard of spot Bitcoin ETFs by size,” said Bloomberg ETF analyst Eric Balchunas on X. According to ETF Screener, collectively the five biggest Bitcoin funds in Europe take $5.3 billion in assets, while 5 such funds based on the American market are worth $107 billion.
One account for this is that there is little dependence on capital markets for retirement products in Europe. Moreover, European investors have a comparatively higher average saving rate and are less likely to put their money in risky instruments like Bitcoin ETFs.
Yeti Ouro, a meme coin that incorporates features of blockchain gaming, is about to experience a price surge as presale is now 72.8% done. The native token of the project is YETIO, which is currently in circulation at a price of $0.017. This cheap pricing is setting a stage for massive gains with YETIO having a over 500X rally potential post listing.
The team has announced a 25% bonus on all purchases. This special offer is available until midnight on Sunday, providing investors with a valuable opportunity to boost their returns before the next price increase on Monday.
Launched on the Unreal 5 game engine, the P2E game developed within the project is Yeti Go, in which players are able to earn YETIO tokens performing various actions.
They have tied with original video game production houses associated with leading brands such as, Call of Duty, Spider-Man, and the Witcher. The music for the game has also been produced and arranged by skilled game developers that have collaborated with artists like Major Lazer and Vybz Kartel.
As for its tokenomics, Yeti Ouro has designed it in a way that stability of demand and growth of its price are ensured in the long term. The total number of coins is limited to 1 billion with a 5% burn feature to regulate the circulation of the token which has worked quite well with cryptos like Bitcoin. The project also has a security audit from SolidProof to confirm the safety of investments made through the project.This has further boosted investor confidence in the project increasing demand.
As Yeti Ouro approaches Stage 3 of its presale, investors are securing tokens before the upcoming price increase.
The team intends to get YETIO listed on major exchanges, which should help attract more attention to the project. With the gaming industry valued at $154 billion, P2E projects like Yeti Ouro aim to attract users looking for both entertainment and financial incentives.
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