The world’s largest asset management firm with more than $10 trillion in AUM, Blackrock (BLK) plans on listing a bitcoin exchange traded product (ETP) in Europe, Bloomberg reported on Wednesday.

This would be the giant asset manager’s first crypto-linked ETP outside of America. Blackrock’s U.S.-based iShares Bitcoin ETF (IBIT) has been a wild success, accumulating nearly $60 billion in assets in just more than one year since opening for business.

BlackRock’s entry into the European market could broaden institutional access to Bitcoin, driving new capital inflows into the market.

According to Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered, Bitcoin could reach $200,000 by the end of 2025 and $500,000 by 2028, fueled by increasing institutional adoption and a favorable regulatory environment under the Trump administration.