BlackRock's European Bitcoin ETP Surpasses $1.1 Billion in Assets

BlackRock's iShares Bitcoin ETP (IB1T) has reached a significant milestone in Europe, marking the global expansion of institutional interest in cryptocurrencies. Launched in March 2025, IB1T holds approximately 14,200 Bitcoin and operates under the EU's Crypto Asset Market Regulation (MiCAR).

The value of its assets under management has surpassed $1.1 billion, demonstrating that European investors are following the same path as US investors by gaining exposure to Bitcoin through regulated products without directly holding it. The growth of IB1T coincides with a market environment where Bitcoin surpassed $80,000, and increasing institutional investments are strengthening the upward trend in Bitcoin.