BlackRock's European iShares Bitcoin ETP (IB1T) surpassed $1.1 billion in assets under management since its March 2025 launch. It now holds roughly 14,200 Bitcoin. Company figures show steady inflows into the regulated product.
Multi-Exchange Listings Across Europe
IB1T trades on Euronext Paris, Euronext Amsterdam, and Xetra in Frankfurt. This pan-European presence allows institutional investors to access Bitcoin exposure through their preferred exchange. The product recorded consistent net subscriptions post-launch.
MiCA-Regulated Structure
The ETP operates under the European Union's Markets in Crypto-Assets Regulation (MiCA), which took effect in 2024. IB1T offers physically backed exposure — the issuer holds actual Bitcoin, and investors hold exchange-traded shares tracking the price. There is no synthetic or futures-based component.
Coinbase Custody with Cold Storage
Underlying Bitcoin is held by Coinbase Custody International Ltd in cold storage. Investors avoid private key management while maintaining a direct link to the underlying coins. Weekly custody reports ensure transparency.
Part of BlackRock's European Digital Asset Push
IB1T complements BlackRock's U.S. Bitcoin ETF (IBIT). While both are exchange-traded, the European version is tailored to MiCA compliance. Reaching $1.1 billion in a short timeframe places it among the top Bitcoin ETPs in Europe.