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LONDON - iShares Digital Assets AG announced Tuesday the issuance of 2.36 million additional securities of its iShares Bitcoin ETP, expanding the total number of securities in the series to 60.39 million.
The new tranche, priced at $11.10 per security, will begin trading on the Main Market of the London Stock Exchange on Wednesday, October 22, according to the final terms document dated October 21, 2025.
The Bitcoin ETP (ticker:IB1T) tracks the performance of Bitcoin with a total expense ratio of 0.25% per annum. However, investors will benefit from a partial fee waiver until December 31, 2025, during which the expense ratio will be reduced to 0.15% per annum.
Each security represents ownership of 0.0001 Bitcoin as of the series issue date of March 24, 2025. The value of the securities decreases daily by a rate equal to the portion of the total expense ratio applicable to that day.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the ETP, which allows for both physical redemptions in Bitcoin and cash redemptions when available.
The securities are secured by Bitcoin held in custody with Coinbase Custody International Limited. The Bank of New York Mellon, London Branch, acts as the paying agent and account bank for the series.
This latest issuance follows the UK Financial Conduct Authority’s recent regulatory changes that permitted the sale of cryptoasset products to retail investors in the United Kingdom as of October 8, 2025.
The information in this article is based on a press release statement from iShares Digital Assets AG.
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