Blackrock Is Eyeing The European Market Post ETF’s Success. See Why

In recent developments, Blackrock Inc. has been looking to expand its horizon. Blackrock.Inc. is often touted as one of the biggest and most robust digital asset managers in the world. Now, the company is looking to bank on that reputation and increase its base of operations. 

In a recent report shared by Bloomberg, Blackrock is supposedly going to expand its reach to Europe. Sources suggest that this move is made possible due to ETF’s major success in the US. Currently, this US-based crypto holds a total of 58 billion US dollars in investment. 

Meanwhile, Blackrock has remained tight-lipped about the move. However, Bloomberg sources suggest that the company would operate from Switzerland. This is primarily because digital asset innovation has made the country center stage for crypto dealings.   

Switzerland has truly managed to outdo itself with rapid-paced cryptocurrency development. For example, it has successfully regulated crypto transactions. Therefore, choosing Switzerland is a good move for Blackrock.  

Why Does Switzerland Make Sense? 

Therefore, Blackrock has strategically placed itself in an advantageous position to be a player in the European and American markets. Therefore, this move could catapult the organization to newer heights of success.  

Moreover, sources suggest that Blackrock wants to take over Europe’s crypto market because of the opportunity. Currently, the European market is young and is valued at around $17.3 billion, just one percent of the US market.