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Techub News reports that, according to CoinDesk, BlackRock's Bitcoin Exchange-Traded Product (ETP) asset management size (AUM) launched in Europe has surpassed $1.1 billion, currently holding approximately 14,200 Bitcoins. This ETP is an important product in BlackRock's strategic layout in the European cryptocurrency market, and the breakthrough in scale marks the continued growth in demand from European institutional investors for Bitcoin allocation. Compared to the U.S. spot Bitcoin ETF, the European ETP market is smaller in scale but has shown steady expansion in recent years.