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LONDON - iShares Digital Assets AG announced Monday the issuance of 1.35 million additional securities of its iShares Bitcoin ETP, expanding the total number of securities in the series to approximately 71 million.
The new tranche, priced at $8.35 per security, follows the original launch of the product in March 2025. The Bitcoin ETP trades on the London Stock Exchange under the ticker IB1T and is collateralized by bitcoin held in custody by Coinbase Custody International Limited.
According to the final terms document, the ETP carries a total expense ratio of 0.25% per annum, though investors will benefit from a reduced fee of 0.15% through December 31, 2025, under a partial fee waiver.
The securities track the performance of bitcoin on a one-to-one basis, subject to the deduction of fees. Each security initially represented 0.0001 bitcoin at the series launch, with this entitlement gradually decreasing over time as fees are applied.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the product, facilitating the creation and redemption process.
The ETP was made available to UK retail investors following regulatory changes that took effect in October 2025, when the Financial Conduct Authority’s Conduct of Business (Cryptoasset Products) Instrument 2025 came into force.
The securities are secured, limited recourse debt obligations of iShares Digital Assets AG and are governed by English law. Trading of the new tranche is expected to commence on the London Stock Exchange on November 25, 2025.
This information is based on a press release statement from iShares Digital Assets AG.
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