BlackRock Debuts Bitcoin Exchange-Traded Product In Europe

by News Editor

March 25, 2025

Just moments ago, BlackRock, the world’s largest asset manager, launched its groundbreaking Bitcoin Exchange-Traded Product (ETP) in Europe. As investor interest in cryptocurrencies surges, this move represents a strategic expansion for BlackRock, tapping into the vibrant European market.

Key Details

Named iShares Bitcoin ETP, the product is Switzerland-based and trades on major platforms like Paris, Amsterdam, and Frankfurt.
Following significant success in the U.S., with over $50 billion in investments, this launch aims to capture a similar interest from Europe.
The Bitcoin custodial services are managed by Coinbase, while Bank of New York Mellon acts as the administrator.

Strategic Context

With over $4.4 trillion in assets under management through exchange-traded funds, BlackRock reinforces its position as a frontrunner in adapting to the evolving financial landscape. CEO Larry Fink, at the recent World Economic Forum, praised Bitcoin as a solid hedge against currency devaluation. This product is a response to the burgeoning European demand for regulated financial instruments providing exposure to Bitcoin.

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Cyprus 2025 State Budget: A Detailed Analysis Of Revenue And Expenditure Implementation

by THEFUTURE.TEAM

February 25, 2026

Budget Overview

Cyprus recorded an 87% revenue implementation rate and a 92% expenditure implementation rate in the 2025 state budget, according to the latest Treasury report. Total revenue reached €10.20 billion, compared with €10.81 billion in 2024, while total expenditure amounted to €11.99 billion versus €12.42 billion a year earlier.

Revenue Trends And Tax Contributions

The decline in revenue was mainly linked to a €1.07 billion drop in loan withdrawals. This was partly offset by stronger tax collection. Direct taxes increased by €0.37 billion, while indirect taxes rose by €0.17 billion.

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VAT revenue grew by 4% to €3.16 billion, reflecting an increase of €0.08 billion. Direct taxes rose by 6% to €3.79 billion, supported by higher personal and corporate income tax receipts.

Expenditure Dynamics And Social Investments

Overall expenditure declined slightly, largely due to a €0.84 billion reduction in loan repayments. At the same time, social benefits increased by 5% to €2.02 billion, mainly driven by an €0.08 billion rise in healthcare-related spending.

Transfers and grants rose 11% to €1.93 billion, reflecting higher contributions to the Social Insurance Fund and increased support for municipalities. Operating expenses fell by 3% to €1.12 billion, while payroll, pensions, and gratuities remained stable at €3.52 billion.

Capital Expenditure And Co-Financed Projects

Capital expenditure reached €469.3 million. Key allocations included road infrastructure (€97.3 million) and construction projects (€77.4 million), alongside investments in water systems, government buildings, and school expansions.

Co-financed projects implemented €336.3 million. Funding covered initiatives such as subsidies for childcare and nutrition programs for children under four, as well as residential energy-efficiency upgrades.

Comparative Analysis And Development Expenditure

The average state budget expenditure implementation rate over the past decade stands at 91%. Development expenditure implementation reached 81% in 2025, exceeding the ten-year average of 69%.

The data indicates continued fiscal discipline combined with increased execution of development projects and targeted social spending.

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