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LONDON - iShares Digital Assets AG announced Wednesday the issuance of 410,000 new securities of its iShares Bitcoin ETP under its Secured Cryptoasset Linked Securities Programme. This marks the 13th tranche of the Bitcoin ETP series, bringing the total number of securities in the series to 64,265,328.
The securities were issued at a price of $10.41 per unit and will be admitted to trading on the Main Market of the London Stock Exchange starting November 6, 2025, according to the final terms document published by the company.
The iShares Bitcoin ETP, which trades under the ticker IB1T on the London Stock Exchange, is designed to track the performance of Bitcoin. Each security has an initial cryptoasset entitlement of 0.0001 Bitcoin as of the series issue date.
The company maintains a total expense ratio (TER) of 0.25% per annum for the ETP. However, a partial TER waiver will apply from the series issue date through December 31, 2025, during which period the TER will be reduced to 0.15% per annum.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the ETP, while Coinbase Custody International Limited acts as the custodian.
The Bitcoin ETP was first launched on March 24, 2025, and is part of iShares' expansion into digital asset investment products. The securities are secured, limited recourse debt obligations of the issuer.
This issuance comes amid growing institutional interest in regulated crypto investment vehicles, following the UK Financial Conduct Authority's recent regulatory changes that allow certain cryptoasset products to be offered to retail investors in the United Kingdom.
According to the final terms document, the information was based on a press release statement from iShares Digital Assets AG.
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