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LONDON - iShares Digital Assets AG announced Thursday the issuance of a new tranche of 140,000 securities of its iShares Bitcoin ETP under its Secured Cryptoasset Linked Securities Programme. The securities will begin trading on the London Stock Exchange on Friday, October 31.
The new tranche brings the total number of securities in the series to 62,775,328, according to the final terms document dated October 30. The securities were issued at a price of $11.19 each.
The iShares Bitcoin ETP, which tracks the performance of Bitcoin, carries a total expense ratio (TER) of 0.25% per annum. However, a partial TER waiver will apply from the series issue date through December 31, 2025, during which the TER will be reduced to 0.15% per annum.
The securities are backed by Bitcoin held in custody with Coinbase Custody International Limited. Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the ETP.
The Bitcoin-linked securities are designed to provide investors with exposure to Bitcoin without the need to directly hold the cryptocurrency. Each security has an initial cryptoasset entitlement of 0.0001 Bitcoin as of the series issue date of March 24, 2025.
This issuance follows the UK Financial Conduct Authority's recent regulatory changes that came into effect on October 8, 2025, allowing cryptoasset products to be offered to retail investors in the United Kingdom when admitted to trading on a UK Recognized Investment Exchange.
The securities will trade under the ticker IB1T on the London Stock Exchange with ISIN code XS2940466316.
The information is based on a press release statement from iShares Digital Assets AG.
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