BlackRocks product is called an iShares Bitcoin ETP (exchange-traded products).
ETPs let investors buy and sell Bitcoin without directly owning the cryptocurrency.
They are traded on stock exchanges and track the price of Bitcoin.
This bang out of investment vehicle is gaining momentum globally.
Investors have already poured a combined$50bn into BlackRocks Bitcoin ETPs in the US.
The legislation provides a clear and structured framework for launching new products.In theUS, oversight is more fragmented.
Last year, Europe had $12bn of ETP assets under management.
It gets traditional finance comfortable with dealing in crypto assets, he said.
Soon the scrutiny will be more on any large traditional player not being in the industry.
Habibi echoes Burnies sentiments about the sectors maturity.
She argues that BlackRocks move speaks to a wider trend of blurring traditional finance with digital assets.
Crypto is becoming more aligned with everyday finance, she said.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
