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LONDON - iShares Digital Assets AG announced Thursday the issuance of 160,000 new securities of its iShares Bitcoin ETP, expanding the total number of securities in the series to 66,135,328.
The new tranche, which represents the 18th issuance in the series, will be admitted to trading on the Main Market of the London Stock Exchange beginning November 14, 2025, according to a regulatory filing.
The securities were priced at $10.32 each and carry a principal amount of $0.42. The Bitcoin ETP tracks the performance of Bitcoin with a total expense ratio (TER) of 0.25% per annum, though a partial TER waiver reducing fees to 0.15% will remain in effect through December 31, 2025.
The iShares Bitcoin ETP, which first launched in March 2025, is a debt security that provides investors with exposure to Bitcoin without directly holding the cryptocurrency. Each security is backed by Bitcoin held in custody by Coinbase Custody International Limited.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the ETP, facilitating the creation and redemption process that allows the security to track the underlying cryptocurrency.
The securities are available to retail investors in the UK 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 announcement was made in a final terms document filed with the London Stock Exchange.
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