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LONDON - iShares Digital Assets AG announced Monday the issuance of 170,000 new securities of its iShares Bitcoin ETP, expanding the total number of securities in the series to approximately 65.75 million.
The new tranche, which represents the 16th for this product, will be admitted to trading on the Main Market of the London Stock Exchange starting November 11, 2025, according to the final terms document published by the company.
The securities are priced at $10.07 each and are linked to the performance of Bitcoin. Each security has a principal amount of $0.42 and an initial cryptoasset entitlement of 0.0001 Bitcoin as of the series issue date of March 24, 2025.
The Bitcoin ETP carries a total expense ratio (TER) of 0.25% per annum, though a partial TER waiver will apply through December 31, 2025, reducing the fee to 0.15% during this period.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the product, while Coinbase Custody International Limited acts as custodian for the underlying Bitcoin assets.
The securities are debt instruments secured by Bitcoin holdings and trade under the ticker IB1T on the London Stock Exchange. They allow investors exposure to Bitcoin price movements without directly owning the cryptocurrency.
The company stated in its filing that the securities are available to retail investors in the UK following the Financial Conduct Authority's recent regulatory changes that came into effect on October 8, 2025.
This issuance comes as part of iShares Digital Assets AG's Secured Cryptoasset Linked Securities Programme, as indicated in the company's press release statement.
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