Catenaa, Tuesday, March 25, 2025-BlackRock launched its iShares Bitcoin ETP in Europe on Tuesday, marking its first crypto-backed exchange-traded product outside North America.
The ETP is now listed on Euronext Paris and Xetra under the ticker “IB1T” and on Euronext Amsterdam as “BTCN.” The fund is backed by bitcoin held in cold storage by Coinbase Custody International Ltd., BlackRock said.
The launch follows the success of BlackRock’s US spot bitcoin ETF, which has amassed $50.69 billion in net assets and recorded $39.8 billion in cumulative net inflows as of Monday, according to Bloomberg.
US spot bitcoin ETFs have seen sustained growth, with seven consecutive days of positive flows.
On Monday, these funds recorded $84 million in net inflows, with a total trading volume of $1.97 billion, according to SoSoValue data.
With Europe’s listing, BlackRock is further expanding institutional access to bitcoin, as demand for crypto investment vehicles continues to rise.
