BlackRock’s iShares Bitcoin ETP (IB1T) in Europe has crossed $1.1 billion in assets under management, the asset manager disclosed. As of May 4, the product held 14,200 bitcoin. It’s one of the largest bitcoin exchange-traded products on the continent.
$1.1B and 14,200 BTC
The numbers come from the fund’s own reporting. IB1T launched last year and has steadily attracted capital. The $1.1 billion figure puts it in the top tier of European crypto ETPs, though exact rankings shift week to week. BlackRock doesn’t break out flows daily, but the AUM climb shows consistent demand.
Institutional appetite
BlackRock is the world’s largest asset manager, and its push into crypto products has been closely watched. The European ETP offers a familiar wrapper for pension funds, endowments and wealth managers who want bitcoin exposure without self-custody. The fact that IB1T hit this level in under two years suggests that appetite isn’t fading.
What’s next
The fund’s next reporting date will show whether growth has accelerated or plateaued. BlackRock hasn’t announced any changes to the product’s fee structure or listing venues. For now, the milestone stands as a concrete sign that institutional money keeps flowing into regulated bitcoin vehicles — at least in Europe.
