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LONDON - iShares Digital Assets AG has issued 705,000 new securities of its iShares Bitcoin ETP (ticker:IB1T) on the London Stock Exchange, according to a final terms document published Tuesday.
The new tranche brings the total number of securities in the series to 71,720,328. The securities were issued at a price of $8.63 each.
The iShares Bitcoin ETP tracks the price of bitcoin while charging a total expense ratio (TER) of 0.25% annually. The company is currently offering a reduced fee of 0.15% per annum through December 31, 2025.
The ETP allows investors to gain exposure to bitcoin without directly holding the cryptocurrency. Each security represents a specific entitlement to bitcoin, with the initial cryptoasset entitlement set at 0.0001 bitcoin per security at the series launch date of March 24, 2025.
The securities are available to retail investors in the UK following regulatory changes that came into effect in October 2025. The Financial Conduct Authority’s Conduct of Business (Cryptoasset Products) Instrument 2025 now permits the offering of such products to retail clients when the securities are admitted to trading on a UK Recognized Investment Exchange.
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 secured, limited recourse debt obligations of iShares Digital Assets AG, with transaction security established to protect investors’ interests. According to the document, the company’s board approved the issuance on August 7, 2025.
The information was provided in a final terms document dated November 25, 2025, based on a press release statement.
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