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LONDON - iShares Digital Assets AG announced on Tuesday the issuance of 480,000 new securities of its iShares Bitcoin ETP under its Secured Cryptoasset Linked Securities Programme, bringing the total number of securities in the series to 67,205,328.
The new tranche, priced at $9.41 per security, will be admitted to trading on the Main Market of the London Stock Exchange starting November 19, 2025, according to the final terms document dated November 18, 2025.
The Bitcoin ETP (Exchange Traded Product), which trades under the ticker IB1T on the London Stock Exchange, maintains 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.
The securities are linked to and collateralized with Bitcoin, with each security having an initial cryptoasset entitlement of 0.0001 Bitcoin as of the series issue date of March 24, 2025.
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 securities are available to retail investors in the UK following the FCA's Conduct of Business (Cryptoasset Products) Instrument 2025, which came into force on October 8, 2025.
The company noted in its statement that the securities are secured, limited recourse debt obligations of the issuer, and application has been made for them to be admitted to the Official List of the FCA.
This information was provided in a press release statement from iShares Digital Assets AG.
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