Datavault AI completes second tranche with Scilex for 1,237.6 Bitcoin
LONDON - iShares Digital Assets AG announced Friday it will issue an additional 550,000 securities of its iShares Bitcoin ETP (London Stock Exchange:IB1T) on November 3, 2025, according to a final terms document published today.
The new tranche will bring the total number of securities in the series to 63,325,328. The securities are priced at $10.77 each and will trade on the London Stock Exchange's Main Market.
The iShares Bitcoin ETP tracks the price of bitcoin with a total expense ratio of 0.25% annually. However, a partial fee waiver will apply until December 31, 2025, reducing the fee to 0.15% during this period.
The ETPs are physically backed by bitcoin held in custody by Coinbase Custody International Limited. The securities are structured as debt instruments with no fixed maturity date.
Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serve as authorized participants for the product, facilitating the creation and redemption process.
The bitcoin ETPs were first launched on March 24, 2025, following regulatory changes in the UK that allowed retail investors to access regulated crypto investment products. The UK's Financial Conduct Authority updated its rules on October 8, 2025, permitting the offering of cryptoasset products to retail clients when traded on recognized UK investment exchanges.
According to the final terms document, the securities are secured, limited recourse debt obligations of iShares Digital Assets AG, with transaction security arrangements in place to protect investors.
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