Blackrock’s European Bitcoin ETP Surpasses $1.1 Billion in Assets With 14,200 BTC

Blackrock first launched the European ETP in March 2025, making it the firm’s initial move to bring regulated bitcoin exposure to non-U.S. institutional investors. At the time, the U.S. iShares Bitcoin Trust (IBIT) had already established itself as the world’s largest spot bitcoin exchange-traded fund (ETF) by assets, a position it continues to hold today.

In the U.S., IBIT has dominated bitcoin ETF inflows throughout 2026. During a single week in late April, the fund attracted $824 million, more than all other U.S. bitcoin ETFs combined (in the same period). Even during a brief outflow phase toward the end of April, IBIT retained its structural advantage in attracting institutional capital on the other side of the Atlantic.

Why the European Milestone Matters

IB1T crossing $1.1 billion in AUM carries a different regulatory significance than IBIT’s growth in the U.S., as European institutional investors operate primarily under the EU’s Markets in Crypto-Assets (MiCA) regulation and pre-existing ETP structures, not the U.S. Securities and Exchange Commission (SEC) approval process that unlocked IBIT in January 2024.

Growth to this scale under European frameworks signals that demand for regulated bitcoin exposure is a genuinely global institutional trend rather than a product of any single market’s mechanics.

The milestone arrives on the same day bitcoin crossed $80,000 for the first time in weeks, driven partly by institutions absorbing more than 500% of the daily mined bitcoin supply. Blackrock currently holds approximately 773,990 BTC across its global bitcoin products, making it one of the largest single institutional holders of the asset worldwide.

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