BlackRock Launches iShares Bitcoin ETF on Cboe Canada
In a major development in the crypto space, BlackRock has launched the iShares Bitcoin ETF on the Chicago Board Options Exchange in Canada, offering investors a way to gain exposure to Bitcoin through a brokerage account.
CBOE Canada Inc. Announce BlackRock Asset Management Canada Ltd. has launched its newest exchange-traded fund (ETF), the iShares Bitcoin ETF. The iShares Bitcoin ETF currently trades on Cboe Canada under the symbol IBIT and in U.S. dollars under the symbol IBIT.U, marking a key step in expanding accessible cryptocurrency investment products in Canada step. The fund allocates most or all of its assets to the iShares Bitcoin Trust ETF, which invests primarily in long-term holdings of Bitcoin.
The ETF, trading under the symbols IBIT and IBIT.U, aims to track the price performance of Bitcoin and invests primarily in the U.S.-based iShares Bitcoin Trust ETF. The move underscores BlackRock’s commitment to innovation, providing Canadian investors with a simple and cost-effective way to invest in Bitcoin while avoiding direct custody and operational challenges.
“The launch of the iShares Bitcoin ETF in Canada underscores BlackRock’s commitment to innovation and providing clients with an ever-expanding investment universe. The iShares Fund provides Canadian investors a convenient and cost-effective way to gain exposure to Bitcoin with the added benefit of Helping eliminate the operational and custody complexities of holding Bitcoin directly,” said Helen Hayes, Head of iShares Canada at BlackRock.
