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LONDON - iShares Digital Assets AG has issued 400,000 new securities of its iShares Bitcoin ETP on the London Stock Exchange, according to a final terms document released Wednesday.
The new tranche brings the total number of securities in the series to 62,635,328. The securities were priced at $11.49 each and will begin trading on the Main Market of the London Stock Exchange on Thursday.
The iShares Bitcoin ETP tracks the price of bitcoin and has a total expense ratio (TER) of 0.25% per annum. However, the company is offering a partial TER waiver of 0.15% per annum from the series issue date until December 31, 2025.
The ETP is secured by bitcoin held in custody with Coinbase Custody International Limited. Each security has 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 product, which trades under the ticker IB1T on the London Stock Exchange.
The product is available to retail investors in the UK following the Financial Conduct Authority's recent regulatory changes that came into effect on October 8, 2025, which permitted cryptoasset products to be offered to retail clients when admitted to trading on a UK Recognized Investment Exchange.
The securities are undated (open-ended) and are governed by English law. The information was disclosed in a final terms document dated October 29, 2025.
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