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LONDON - iShares Digital Assets AG has issued 180,000 new securities of its iShares Bitcoin ETP (ticker:IB1T) on the London Stock Exchange, according to a final terms document published Monday.
The new tranche brings the total number of securities in the series to 62,125,328. The securities were issued at a price of $11.01 per unit, with trading expected to commence on Tuesday, October 28.
The iShares Bitcoin ETP, which tracks the price of bitcoin, carries a total expense ratio (TER) of 0.25% per annum. However, a partial TER waiver will apply until December 31, 2025, reducing the fee to 0.15% during this period.
The ETP is backed by physically-held bitcoin stored with Coinbase Custody International Limited as custodian. Each security represents an entitlement to a specific amount of bitcoin, which started at 0.0001 BTC per security at the initial series launch in March 2025.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the product, facilitating creation and redemption of the securities.
The product is available to UK retail investors following regulatory changes that came into effect earlier this month with the FCA’s Conduct of Business (Cryptoasset Products) Instrument 2025, which permits the sale of certain cryptoasset products to retail clients when traded on UK recognized investment exchanges.
The information is based on a final terms document published by iShares Digital Assets AG.
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