In a move to cement its leadership in the digital assets space, BlackRock has made two key announcements—integrating the Solana blockchain into its tokenized products and launching a new Bitcoin exchange-traded product (ETP) in European markets.
BlackRock’s Double Crypto Offensive: Solana Integration and ETP Launch
On March 25, 2025, global investment giant BlackRock made two strategic moves that solidify its position in the digital asset space:
- Launched a spot Bitcoin ETP across major European exchanges
- Integrated Solana into its tokenized money market fund BUIDL
Bitcoin ETP Launches Across European Exchanges
BlackRock introduced the iShares Bitcoin ETP (IB1T) on top exchanges including Xetra, Euronext Paris, and Euronext Amsterdam.
Key details:
- Trades under ticker IB1T on Paris and Xetra, and BTCN on Amsterdam
- Promotional fee of 0.15% valid until 2026; then increases to 0.25%
- Follows the success of the U.S. iShares Bitcoin Trust (IBIT), managing over $50 billion—around 2.9% of total BTC supply
BUIDL Fund Now Operates on Solana
On the same day, BlackRock’s tokenized BUIDL money market fund went live on the Solana network, making it the seventh supported blockchain.
Previously supported chains:
Solana’s speed and cost-efficiency make it a natural fit for institutional-grade products. — Securitize
What Is BUIDL?
BUIDL offers tokenized exposure to traditional money market funds with 24/7 trading access, unlike traditional market hours.
Assets under management:
- $1.5B on Ethereum
- $53M on Avalanche and Aptos
- Smaller holdings on Polygon, Arbitrum, Optimism, and now Solana
What This Means for the Market
- BlackRock reaffirms its commitment to tokenization and crypto infrastructure, supporting both leading and emerging blockchains
- Institutional expansion into Solana adds credibility to the network’s corporate readiness
- The European ETP provides new access to Bitcoin exposure via regulated investment vehicles
Conclusion:
With its two-pronged expansion—Solana integration and the European Bitcoin ETP—BlackRock reinforces its leadership role in institutional crypto adoption.
These developments not only validate Solana’s readiness for enterprise-scale use but also make Bitcoin more accessible to European investors through regulated channels. The next wave of tokenization and DeFi may be led by large institutions—and BlackRock is setting the pace.
Frequently Asked Questions
Find answers to the most common questions below.
The iShares Bitcoin ETP (IB1T) is a spot Bitcoin exchange-traded product available on Xetra, Euronext Paris, and Euronext Amsterdam.
Solana’s high throughput and low transaction costs make it ideal for institutional tokenized products.
BUIDL is a tokenized money market fund offering 24/7 trading and exposure to traditional assets on blockchain networks.
IB1T offers a promotional fee of 0.15% until 2026, after which it will rise to 0.25%.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
