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LONDON - iShares Digital Assets AG announced it will issue 820,000 securities of its iShares Bitcoin ETP on the London Stock Exchange, with trading expected to begin Thursday, November 20, 2025.
The securities, which track the price of bitcoin, will be issued at $9.23 per security, according to final terms released Wednesday. This brings the total number of securities in the series to 68,025,328.
The bitcoin ETP (exchange-traded product) trades under the ticker IB1T and allows investors exposure to bitcoin price movements without directly holding the cryptocurrency. Each security represents a fractional entitlement to bitcoin, with an initial cryptoasset entitlement of 0.0001 bitcoin per security at the series launch in March 2025.
The product carries a total expense ratio of 0.25% annually, though a reduced fee of 0.15% applies through December 31, 2025, under a partial fee waiver.
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. Coinbase Custody International Limited acts as custodian for the underlying bitcoin assets.
The securities are secured, limited recourse debt obligations of iShares Digital Assets AG, with The Bank of New York Mellon, London Branch, serving as the paying agent.
This issuance comes as part of the company's Secured Cryptoasset Linked Securities Programme, which was established following regulatory changes in the UK that permitted the marketing of cryptoasset products to retail investors after October 8, 2025.
According to the final terms document, the information was based on a company press release.
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