China chip stocks fall as US considers allowing Nvidia H200 sales
LONDON - iShares Digital Assets AG has issued 1.64 million new securities of its iShares Bitcoin ETP, according to a final terms document released Thursday. The tranche, which is the 23rd for this series, brings the total number of securities in issue to 69.67 million.
The new securities were priced at $9.10 each and will be admitted to trading on the Main Market of the London Stock Exchange starting November 21, 2025. The Bitcoin ETP trades under the ticker IB1T.
The product tracks the price of Bitcoin with a total expense ratio (TER) of 0.25% per annum. However, investors will benefit from a partial TER waiver of 0.15% per annum until December 31, 2025.
Each security has an initial cryptoasset entitlement of 0.0001 Bitcoin as of the series issue date of March 24, 2025. The entitlement decreases daily at 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 the custodian for the underlying Bitcoin assets.
The securities are secured, limited recourse debt obligations of the issuer, with transaction security granted over the rights and claims arising from various agreements including the custody agreement.
This announcement comes following the FCA's Handbook Notice 132 and the implementation of the Conduct of Business (Cryptoasset Products) Instrument 2025, which took effect on October 8, 2025, allowing these securities to be offered to retail investors in the UK.
The information is based on a press release statement from iShares Digital Assets AG.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.