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LONDON - iShares Digital Assets AG has announced the issuance of 280,000 additional securities of its iShares Bitcoin ETP, bringing the total number of securities in the series to 61,805,328. The new tranche, which represents the fourth for this product, is scheduled to begin trading on the Main Market of the London Stock Exchange on October 24, 2025.
The bitcoin-backed exchange-traded product carries a total expense ratio (TER) of 0.25% per annum, though the company noted a partial TER waiver will apply from the series issue date through December 31, 2025, during which time the fee will be reduced to 0.15% per annum.
Each security has an issue price of $10.80 and a principal amount of $0.42. The initial cryptoasset entitlement was set at 0.0001 bitcoin per security when the series was first launched in March 2025.
The securities are secured, limited recourse debt obligations of iShares Digital Assets AG, with Coinbase Custody International Limited serving as custodian. Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited have been appointed as authorized participants.
This ETP offers investors exposure to bitcoin price movements through a regulated exchange-traded product structure, with the securities trading under the ticker IB1T on the London Stock Exchange. The product follows recent regulatory changes in the UK that now permit certain cryptoasset products to be offered to retail investors.
According to the final terms document, the securities will be issued under iShares Digital Assets AG’s Secured Cryptoasset Linked Securities Programme. The company stated in its press release that the product provides investors with an alternative way to gain bitcoin exposure without directly holding the cryptocurrency.
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