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Techub News reports that, according to Cointelegraph, the European Bitcoin ETP AUM under BlackRock has surpassed $1.1 billion, and the current holdings are approximately 14,200 bitcoins. BlackRock is one of the world’s largest asset management companies, and the Bitcoin ETP (exchange-traded product) it has launched provides traditional investors with compliant cryptocurrency exposure. This milestone indicates that institutional investors’ demand for Bitcoin allocations continues to grow.