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BlackRock’s European Bitcoin exchange-traded product (ETP) has reached a major milestone, accumulating approximately 14,200 Bitcoin and pushing its total valuation to exactly $1.1 billion.
As of early May, the iShares Bitcoin ETP is valued at $1.1 billion. The fund has built this level of value by holding a large Bitcoin reserve, reflected in 142,241,128 securities outstanding.
The iShares Bitcoin ETP is domiciled in Switzerland and is designed to closely track the spot price of Bitcoin. It does so by tracking the CME CF Bitcoin Reference Rate as its primary index.
Because a single-asset Bitcoin fund cannot qualify as a UCITS ETF, European asset managers typically use the broader Exchange-Traded Product (ETP) or Exchange-Traded Note (ETN) structure. By contrast, the U.S.-based IBIT is not structured as a debt security; it is set up as a traditional Delaware statutory trust.
Separately, the latest update on May 2 shows that total historical net inflows for Bitcoin spot ETFs have reached $59.14 billion. This corresponds to a cumulative accumulation of 747.52K BTC.
Total net assets managed across these funds currently stand at $102.71 billion, with a combined market capitalization of $106.07 billion.
Within the sector, BlackRock’s iShares Bitcoin Trust (IBIT) remains the largest holder. IBIT holds approximately 810.33K BTC, representing $61.96 billion in assets under management.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) is in second place with 188.00K BTC and $14.16 billion in AUM. Grayscale’s Bitcoin Trust (GBTC) follows with 150.74K BTC and $11.81 billion in AUM.
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