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LONDON - iShares Digital Assets AG announced Thursday the issuance of 1.23 million new securities of its iShares Bitcoin ETP, bringing the total number of securities in the series to 65.49 million.
The new tranche, priced at $10.33 per security, represents the 14th issuance under the company's Secured Cryptoasset Linked Securities Programme. The securities will be admitted to trading on the Main Market of the London Stock Exchange beginning November 7, 2025.
The Bitcoin ETP tracks the performance of bitcoin while charging a total expense ratio (TER) of 0.25% annually. However, the company is offering a reduced TER of 0.15% from the series issue date through December 31, 2025.
Each security provides investors with exposure to bitcoin through a cryptoasset entitlement of 0.0001 BTC per security as of the series issue date. The entitlement decreases daily by a rate equal to the portion of the TER applicable to that day.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the ETP. Coinbase Custody International Limited acts as custodian for the underlying bitcoin assets.
The securities are available to UK retail investors following the Financial Conduct Authority's recent regulatory changes, which came into effect on October 8, 2025, allowing cryptoasset products to be offered to retail clients when admitted to trading on a UK Recognized Investment Exchange.
According to the final terms document filed with the London Stock Exchange, the information is based on a press release statement from iShares Digital Assets AG.
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