BlackRock Expands Bitcoin ETP to UK as Bitcoin Hyper’s ($HYPER) Presale Reaches $24.4M

BlackRock just launched its iShares Bitcoin ETP on the London Stock Exchange, expanding its market to UK investors.

The ETP is backed by Coinbase-hosted Bitcoin and welcomes TradFi investors into the crypto space.

IB1T exposes investors to Bitcoin ‘with the confidence of robust custody and regulatory oversight’, said Jane Sloan, EMEA head of global product solutions at BlackRock.

The ETP launched on the London Stock Exchange yesterday, October 20, with the ticker IB1T at $11.10, closed at $11.09 and it’s now at $10.78.

The move will not only expand BlackRock’s influence and expose more investors to the crypto market, but act as a catalyst for Bitcoin moving into Q4 as well.

Bitcoin Hyper ($HYPER) is likely to reap the benefits as well. Bitcoin’s Layer 2 project has already reached $24.4M in presale and is eyeing a Q1 2026 release date.

What Do We Know About IB1T?

As specified in the official press release, IB1T is intended for ‘retail investors with specific knowledge and/or experience of investing in similar products and with a solid understanding of the significant risks associated with cryptoassets’.

When it comes to actual investment numbers, BlackRock’s example model is fairly exhaustive, detailing potential gains and losses in different market circumstances.

In the worst-case scenario, for a $10K investment, you lose everything if market conditions tank. In the best-case one, you stand to get back over $1.4M if you exit after 5 years or $138,730 if you exit after just one.

IB1T’s entry into the UK market could signal a shift in Bitcoin’s chart performance, providing just the boost the asset needs to kickstart its Q4 run.

Bitcoin is now trading at around $107K after tanking with October 10’s market crash. As reported in this Forbes analysis, the crash saw an estimated $19B in liquidations and wiped out $450B in market capitalization.

The tide may be shifting, though, between BlackRock’s recent move into the UK markets and Bitcoin Hyper ($HYPER) reaching $24.4M in presale today.

How Bitcoin Hyper Promises to Change Bitcoin Forever

Bitcoin Hyper ($HYPER) is the Layer 2 solution to Bitcoin’s most pressing problem: its performance limitation.

Bitcoin is now capped at seven transactions per second (TPS), which puts it at the 31st stop on the list of the fastest blockchains by TPS. This translates into hours-long confirmation times, high on-chain fees, subpar performance, and a lack of scalability.

The Canonical Bridge deals with Bitcoin’s fee-based priority system, which is directly responsible for the long finality times and high on-chain fees. The Bridge mints the users’ bitcoins into the Hyper layer as soon as the Bitcoin Relay Program confirms incoming transactions.

Together with SVM, the Canonical Bridge makes the Bitcoin network faster, cheaper, more responsive, and more feasible for institutional investors.

The presale saw a surge in investor participation starting day one, and it’s now at $24.4M. $HYPER is available at the presale price of $0.013145, and shows a lot of post-launch growth potential based on its utility and meme potential.

If you want to invest in the Bitcoin of the future, visit the official presale page and buy your $HYPER today.

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