XTB and BlackRock Partnership Drives ETF Growth

XTB and BlackRock Partnership promote ETF, targeting retail investors for savings and capital growth initiatives. Initially launching in Spain, the collaboration aims to introduce and encourage the use of exchange-traded funds (ETFs) among European investors.

XTB, having recently diversified its investment offerings to include instruments focused on passive investing, seeks to address Spain’s relatively low savings rates compared to income. Data from Euromonitor reveals that Spain’s savings-to-income ratio was merely 5.8% in 2023.

Javier Urones, Head of Sales for XTB Spain, emphasized the partnership’s objective, stating, “The partnership aims to promote a culture of saving and capital management, investment plans based on ETFs, and raise public awareness of the latest investment solutions.” The collaboration anticipates a surge in interest in ETFs following joint efforts.

XTB and BlackRock Partnership Drives ETF Growth

ETFs have gained global popularity for providing a cost-effective and transparent means of portfolio diversification. According to company data, approximately 25% of XTB’s Spanish clients already invest regularly in ETFs. Silvia Senra, Digital Distribution Director at BlackRock Spain, highlighted the appeal of ETFs as a transparent, low-cost, and easily understandable investment option for millions of Europeans seeking to secure their financial future.

XTB and BlackRock envision significant potential in jointly educating and providing tools to enhance investing and savings habits among European consumers over the long term. In September of the previous year, XTB introduced “Investment Plans” based on ETFs, aligning with the growing demand for passive index products.

The Warsaw-listed company’s data indicates a notable increase in platform users purchasing ETF index funds in Poland, from 8% in 2020 to 24% in 2023. A national survey also revealed that 45.6% of Polish investors have allocated funds to ETFs.

Further expanding its offerings, XTB introduced interest on idle deposits two months later, aiming to compete with traditional banks by offering up to 5% interest on funds. In a recent move targeting passive investors and cryptocurrency enthusiasts, XTB expanded its offerings to include BTC ETN as an alternative to bitcoin ETFs in the United States. This expansion allows customers access to three cryptocurrency exchange-traded instruments listed in Europe, augmenting the firm’s position in catering to diverse investment preferences.

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