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LONDON - iShares Digital Assets AG announced Tuesday the issuance of 110,000 new securities of its iShares Bitcoin ETP under its Secured Cryptoasset Linked Securities Programme. This marks the seventh tranche of securities for the product, which will be admitted to trading on the Main Market of the London Stock Exchange starting October 29, 2025.
The new securities were issued at a price of $11.49 each, bringing the total number of securities in the series to 62,235,328 following this issuance. The Bitcoin ETP tracks the performance of Bitcoin and is designed to provide investors with exposure to the cryptocurrency through a regulated exchange-traded product.
According to the final terms document, the securities have an initial cryptoasset entitlement of 0.0001 Bitcoin per security at issuance. This entitlement will gradually decrease over time as the product's total expense ratio (TER) of 0.25% per annum is applied. However, a partial TER waiver will be in effect until December 31, 2025, during which period the TER will be reduced to 0.15% per annum.
The securities are secured, limited recourse debt obligations of the issuer that rank equally among themselves. Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the product.
iShares Digital Assets AG was incorporated in August 2024 and operates as a special purpose vehicle primarily established for the issuance of securities. The company's board consists of three directors: Boudewijn Korten, Dylan McGrath, and Robert Majewski.
The Bitcoin ETP trades under the ticker IB1T on the London Stock Exchange with ISIN code XS2940466316.
This announcement follows the UK Financial Conduct Authority's recent regulatory changes that came into effect on October 8, 2025, allowing cryptoasset products to be offered to retail investors in the United Kingdom when admitted to trading on a UK Recognized Investment Exchange.
The information is based on a press release statement from iShares Digital Assets AG.
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