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Asset management titan BlackRock is set to launch a Bitcoin ETP (exchange-traded product) in Europe today as US spot Bitcoin ETFs (exchange-traded funds) push their net daily inflow streak to 7 days.
BlackRock’s iShares Bitcoin ETP follows the success of the asset manager’s spot Bitcoin ETF, which launched in the US in January last year.
BlackRock’s Bitcoin ETP To List On Multiple Platforms Today
BlackRock’s Bitcoin ETP will be listed on Euronext Paris and Xetra under the ticker “IB1T.” It will also list on Euronext Amsterdam as “BTCN.”
The ETP is backed by Bitcoin that is held by Coinbase Custody International Ltd. in cold storage, according to iShares.
BlackRock’s Bitcoin ETP listings in Europe also marks the first time the asset manager has introduced a crypto ETP outside of North America.
US Spot Bitcoin ETFs Extend Inflow Streak
BlackRock’s ETP launches in Europe come as US spot Bitcoin ETFs continue their net daily inflow streak.
Data from Farside Investors shows the US funds collectively recorded $84.2 million of inflows yesterday. Leading the inflow charge was Fidelity’s FBTC, which saw $82.9 million enter its reserves.
Bitwise’s BITC recorded the next biggest net inflows on the day after investors deposited $19.2 million into the ETF.
𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗘𝗧𝗙 𝗙𝗹𝗼𝘄 (𝗨𝗦$ 𝗺𝗶𝗹𝗹𝗶𝗼𝗻) – 2025-03-24
TOTAL NET FLOW: 84.2
IBIT: 18.1
FBTC: 82.9
BITB: 19.2
ARKB: -41
BTCO: 0
EZBC: 0
BRRR: 0
HODL: 5
BTCW: 0
GBTC: 0
BTC: 0For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw
— Farside Investors (@FarsideUK) March 25, 2025
BlackRock’s IBIT posted the third highest net inflows yesterday with $18.1 million inflows. VanEck’s HODL was the only other fund to see funds enter its reserves, with $5 million inflows. Meanwhile, Ark’s ARKB registered $41 million daily outflows yesterday, the other funds recorded no new flows.
With yesterday’s inflows, $869.8 million has re-entered the funds since the streak started on March 14.
BlackRock continues to lead in terms of cumulative inflows, with its holdings standing at $39.792 billion. Fidelity’s FBTC boasts the next biggest holdings at $11.475 billion.
The inflows over the past week coincided with a more than 5% rise in Bitcoin’s price during the same period, CoinMarketCap data shows.
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