BlackRock’s European Bitcoin ETP, the iShares Bitcoin ETP (IB1T), has crossed $1.1 billion in assets under management since its launch in March 2025. The product has accumulated roughly 14,200 Bitcoin, reflecting strong institutional demand for regulated crypto investment vehicles.
The ETP operates under the European Union’s Markets in Crypto-Assets Regulation (MiCAR), which took full effect in 2024, providing a unified regulatory environment across member states. Physically backed by Bitcoin held in cold storage with Coinbase Custody International Ltd, the ETP trades on major European exchanges including Xetra, Euronext Paris, and Euronext Amsterdam.
This milestone follows BlackRock’s earlier success with its U.S. Bitcoin ETF, signaling continued institutional adoption of structured financial products for cryptocurrency exposure.