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LONDON - iShares Digital Assets AG has issued 600,000 new securities of its iShares Bitcoin ETP, bringing the total number of securities in the series to 66,725,328, according to a final terms document published Monday.
The securities, trading under the ticker IB1T on the London Stock Exchange, are expected to begin trading on Tuesday, November 18. The new tranche was issued at a price of $9.64 per security.
The iShares Bitcoin ETP provides investors with exposure to bitcoin through a regulated exchange-traded product. Each security represents a claim on a specific amount of bitcoin held in custody, with an initial cryptoasset entitlement of 0.0001 bitcoin per security at the series issue date in March 2025.
The product carries a total expense ratio of 0.25% per annum, though a partial fee waiver is in place until December 31, 2025, during which the TER will be reduced to 0.15% per annum.
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 for the underlying bitcoin.
The securities are secured, limited recourse debt obligations of iShares Digital Assets AG, with transaction security granted to protect investors. They are available to retail investors in the UK following regulatory changes that came into effect in October 2025.
The document notes that the estimated net proceeds from the issuance are approximately 1 bitcoin. The information was provided in a final terms document dated November 17, 2025, based on a press release statement.
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