Key insights:
- BlackRock iShares Bitcoin ETP surpasses $1.1 billion AUM with 14,200 Bitcoin held since March 2025 launch.
- Products listed on Euronext Paris, Amsterdam, and Xetra expand regulated Bitcoin access across European markets.
- BlackRock opposes 20 percent cap on tokenized assets under GENIUS Act draft rules submitted to OCC.
- Firm states asset risk should rely on liquidity, duration, and credit quality instead of fixed thresholds.
BlackRock has expanded its crypto presence in Europe while also pushing back against new US rules. The firm reported strong growth in its Bitcoin ETP, and it raised concerns about proposed limits on tokenized assets.
BlackRock Bitcoin ETP Crosses $1.1 Billion in Europe
BlackRock reported that its European iShares Bitcoin ETP has exceeded $1.1 billion in assets under management. The product has gained traction since its launch in March 2025. It now holds about 14,200 Bitcoin.
The ETP trades on major European exchanges, including Euronext Paris, Euronext Amsterdam, and Xetra. These listings have supported broader access for institutional and retail investors across the region.
The product forms part of BlackRock wider digital asset strategy. The firm continues to expand its presence in crypto markets through regulated investment products. This approach focuses on providing structured exposure to Bitcoin.
Market data shows steady inflows into the ETP since launch. The growth reflects rising investor interest in regulated crypto products. It also aligns with broader trends in digital asset adoption across Europe.
BlackRock Opposes Proposed Cap on Tokenized Assets
BlackRock has also submitted feedback to the Office of the Comptroller of the Currency regarding draft rules under the GENIUS Act. The firm challenged a proposed 20% cap on tokenized reserve assets.
BlackRock notes that risk should rely on credit quality, liquidity, and duration. It explained that a fixed cap does not reflect actual asset characteristics. The firm warned that such limits may restrict market development.
BlackRock pointed to its BUIDL fund as a key participant in tokenized finance. The fund supports parts of stablecoin reserve structures. This position places the firm among leading players in the sector. BlackRock noted that tokenization continues to evolve across financial markets. It stated that regulation should align with underlying asset features.
The response forms part of ongoing discussions between industry participants and regulators. The GENIUS Act proposals aim to set standards for digital asset activities. These discussions continue as regulators review the framework for tokenized finance.
