BlackRock’s Bitcoin ETP Finally Lands in Europe – What Happens Next?

BlackRock, the largest asset manager in the world, has officially re-entered the crypto space with the launch of its own Bitcoin Exchange-Traded Product (ETP) in Europe. With more than $10 trillion in assets under management (AUM) and an astounding Bitcoin position of 570,000 BTC (around $51 billion), they’re not simply dipping their toes but rather are going all-in on Bitcoin. The Bitcoin ETP will provide institutional investors with an incredible way to access Bitcoin since they cannot directly hold the crypto, and once the ETP is approved for listing on regulated exchanges such as Xetra and Euronext, the price of Bitcoin may begin to surge. Is the BlackRock ETP the catalyst that will trigger the next crypto bull run?

A Game-Changer for BTC Institutional Adoption

BlackRock’s Bitcoin (BTC) Exchange Trade Product (ETP) is more than just your typical investment product; indeed, it serves as a bridge between traditional finance and cryptocurrency that will be offered to European markets. The regulated financial products will provide major capital and institutional clients a convenient and regulated way to invest in Bitcoin, having them take the responsibility of manually managing and securing their wallets or pertinent private keys. Trading under tickers IB1T and BTCN, it will provide access to Bitcoin for European Markets. If institutional capital flows into the product and cryptocurrency broadly, Bitcoin will establish new long-term, fundamentally credible demand.

What This Means for Bitcoin and the Wider Crypto Market

Whenever Bitcoin shows a significant price action, it affects the entire cryptocurrency market. If BlackRock enters Europe, it creates new demand, and Bitcoin could gain strength and then draw up the rest of the market. Usually, altcoins in the mid-cap and small-cap range will pump after Bitcoin pumps, which is what traders and the community refer to as “Altcoin Season.” If demand continues to build, we could be looking at an exciting time for crypto investors. But for now, let’s not get too excited. Let’s break down Bitcoin’s latest price action and cut through the hype to see if the charts support it.

Price Analysis and BTC Price Prediction

Beginning the March 27 trading session with a consistent upward trend, Bitcoin reached a day high of $87,735 by 03:00 UTC. However, an overbought RSI and a death cross indicated a potential correction, with key levels of support and resistance being $86,545 and $87,795, respectively. The negative trend was reinforced by another MACD death cross at 10:40 UTC, and a support test was performed at 13:20 UTC. After a brief breakout, Bitcoin eyed resistance and recovered with a golden cross at 14:00 UTC.

Chart 1, Analyzed by Alokkp0608, published on March 28, 2025.

Bitcoin remained range-bound between $86,865 and $87,500 at 15:45 UTC as selling pressure persisted despite efforts at recovery. At 21:30 UTC, a golden cross triggered an attempted escape, but the excitement was fleeting. Another correction was indicated by a death cross at 2:00 UTC on March 28. Heavy selling pressure drove Bitcoin to set a new support level at $85,150 after support broke at 04:35 UTC, despite the RSI indicating oversold conditions. 

Bitcoin Price Outlook: What’s Next?

Bitcoin’s price action analysis shows that the BTC prices remain volatile even after BlackRock’s Bitcoin ETP launch in Europe. Bitcoin climbed to $87,735 before it encountered substantial resistance, inducing multiple corrective events. Overbought RSI levels and the death cross on the MACD indicated the presence of bearish momentum, driving Bitcoin to test a critical support level of $85,150. Some golden crosses hinted at slight improvement during the better days; however, selling pressure kept Bitcoin rangebound between $86,865 and $87,500.

Sequentially, Bitcoin needs to hold above critical support to continue aiming for bulls. If inflows from institutions like BlackRock’s Bitcoin ETP drive new demand, Bitcoin could break some critical resistance levels and fuel an uptick in price. Continued technical weakness indicates that more caution is warranted as more corrections are possible. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.

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