The ETF, which trades under the symbols IBIT and IBIT.U (US dollar units), provides Canadian investors a pathway to gain exposure to Bitcoin without directly holding the cryptocurrency.
The iShares Bitcoin ETF aims to reflect the performance of Bitcoin’s price, net of the fund’s expenses. Its assets are primarily invested in the iShares Bitcoin Trust ETF, which in turn holds long-term Bitcoin assets. This structure is designed to simplify access to Bitcoin while eliminating the challenges of direct ownership, such as custody and operational concerns.
Helen Hayes, Head of iShares Canada at BlackRock, highlighted the firm’s commitment to innovation, stating that the ETF offers Canadian investors a cost-effective way to include Bitcoin in their portfolios. The new offering aligns with a growing demand for crypto exposure within traditional investment channels.
Rob Marrocco, Global Head of ETF Listings at Cboe, noted the importance of broadening access to digital assets. “Cboe has a history of launching innovative products, and we’re thrilled to partner with BlackRock to support the expansion of the crypto ecosystem through exchange-listed solutions,” he said.
With this addition, Cboe Canada strengthens its position as a key platform for innovative investment products. The exchange facilitates 15% of all trading volume in Canadian-listed securities and serves as a hub for ETFs from major issuers, including RBC iShares, which supports investors in building diversified and efficient portfolios.
The iShares Bitcoin ETF joins a growing roster of cryptocurrency-related investment vehicles, reflecting the increasing integration of digital assets into traditional financial markets.
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