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LONDON - iShares Digital Assets AG has issued a new tranche of 220,000 securities of its iShares Bitcoin ETP, according to a final terms document released Tuesday. The securities will be admitted to trading on the Main Market of the London Stock Exchange starting November 5, 2025.
The new issuance brings the total number of securities in the series to 63,855,328. The securities were priced at $10.66 each and track the performance of bitcoin with a Cryptoasset Entitlement of 0.0001 bitcoin per security at issuance.
The Bitcoin ETP carries a total expense ratio (TER) of 0.25% per annum, though a partial TER waiver will apply until December 31, 2025, during which the ratio will be reduced to 0.15% per annum.
The securities are secured, limited recourse debt obligations of iShares Digital Assets AG and will trade under the ticker IB1T on the London Stock Exchange with ISIN code XS2940466316.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as Authorised Participants for the ETP, while Coinbase Custody International Limited acts as the custodian for the underlying bitcoin assets.
The securities are being issued under the company's Secured Cryptoasset Linked Securities Programme, which was detailed in a base prospectus dated October 15, 2025. The document notes that following regulatory changes, the securities may now be offered to retail investors in the UK after the Financial Conduct Authority's Conduct of Business (Cryptoasset Products) Instrument 2025 came into force on October 8, 2025.
According to the final terms document, the information was based on a company press release statement.
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