BlackRock’s European Bitcoin ETP Just Crossed $1.1B — Here’s Why It Matters

• IB1T has attracted $1.1 billion in assets under management with approximately 14,200 BTC in holdings.
• BlackRock is committed to a European expansion, as the region works to keep up with the U.S.

Data from BlackRock reveals that its European iShares Bitcoin ETP (IB1T) is growing fast. Launched in March 2025, the investment product has accumulated about 14,200 BTC, and its Assets Under Management (AUM) has grown to $1.1B.

BlackRock’s IB1T Shadow’s U.S. IBIT

The IB1T is live across European markets, including Euronext Paris, Euronext Amsterdam, and Xetra. BlackRock is looking into new European markets, but regulatory clarity remains the biggest problem.

BlackRock’s success in its early involvement in the crypto sector is far more evident in the U.S. The iShares Bitcoin Trust ETF (IBIT) has reached over $60 billion in AUM with nearly 810,000 BTC. Supported by friendly regulation, IBIT demonstrates greater demand and maturity compared to Europe’s IB1T. The slower adoption could be the reason the company has yet to launch an Ethereum ETP that could mirror its Ethereum ETF in the U.S.

Some key reasons are driving demand for these products among institutions worldwide. Geopolitical and financial uncertainties have led to companies seeking a hedge against a volatile USD. Furthermore, the risk of currency debasement and inflation is another key reason to hedge through BTC.

However, volatility remains one of the most cited reasons why most companies are not involved in the digital asset. But with institutions buying and holding on a long-term basis, they offer greater stability, which will ultimately drive more companies to get involved.

Is BTC Getting Ready to Retest its ATH?

Bitcoin has started the week strong with a rally that has seen it break above $80,000. This is the first time it has tested this level since January 31st. At the time of writing, BTC is trading at $79,832. The coin has faced rejection at $80,000 after a 3% surge in the past 24 hours.

Bitcoin bulls will look to retest this position again and hold above it to build some long-term momentum. Technical analyst Ali Charts has suggested that Bitcoin’s bottom is in and investors should expect a big rally. In 2017, the bottom ushered in a 968% rally, 2018 led to a 259% surge, 2020’s bottom was the launchpad for a 1,126% rally, and 2022 welcomed a 660% rally.

However, Peter Brandt says that BTC may be heading for steeper losses over the next few months. As ETHNews reported, the veteran trader expects Bitcoin to reverse course from its bearish run in September before surging to a $250,000 record high.

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