Techub News reports that, according to CryptoBriefing, the assets under management for BlackRock's European iShares Bitcoin ETP (IB1T) reached $1.1 billion two months after its launch, reflecting growing demand from institutional investors to allocate digital assets through regulated products. The ETP was launched in March 2025, is physically backed by Bitcoin, and is registered in Switzerland, benefiting from the standardized regulatory framework provided by the European Union's Markets in Crypto-Assets Regulation (MiCA). This data indicates that traditional financial institutions are increasingly accepting cryptocurrencies as a mainstream investment tool.