The launch of spot Bitcoin ETFs in the US in 2024 marked a turning point for Bitcoin (BTC) and cryptocurrencies.
Since then, interest in ETFs has continued to grow, and Bitcoin’s momentum is now spreading to Europe as well.
Accordingly, global giant BlackRock’s iShares Bitcoin ETP (IB1T) has reached a significant milestone, demonstrating that institutional demand is no longer a US-specific phenomenon but has become global.
Launched in March 2025, BlackRock’s European iShares Bitcoin ETP reached a significant milestone as the value of its assets under management surpassed $1.1 billion.
BlackRock’s ETP holds approximately 14,200 Bitcoin and operates under the EU’s Crypto Asset Market Regulation (MiCAR).
ETP is physically backed by Bitcoin held in cold storage by Coinbase Custody International Ltd and is traded on major European exchanges such as Xetra, Euronext Paris, and Euronext Amsterdam.
According to experts, this development follows BlackRock’s success with a similar US Bitcoin ETF. IB1T’s growth shows that European investors are now following the same path as US investors, gaining exposure to Bitcoin through regulated products without directly holding Bitcoin.
Furthermore, the rise of the IB1T fund coincides with a market environment where Bitcoin surpassed $80,000. According to experts, increasing institutional investments are strengthening the upward trend in Bitcoin.
*This is not investment advice.
