BlackRock has launched the iShares Bitcoin ETF on Cboe Canada, providing Canadian investors with exposure to Bitcoin. The fund, which trades under the ticker symbol IBIT and lists U.S. dollar-denominated units as IBIT.U, matches the performance of BlackRock’s U.S.-based Bitcoin Trust, which has already acquired momentum.
The ETF invests “all or substantially all” of its assets in the United States’ iShares Bitcoin Trust, which owns long-term Bitcoin holdings. This framework enables Canadian investors to acquire exposure to Bitcoin price movements using their existing brokerage accounts, minimizing the operational and custody issues associated with direct Bitcoin ownership.
Helen Hayes, Head of iShares Canada at BlackRock, called the ETF a “cost-effective and efficient way” for investors to include Bitcoin in their portfolios. She emphasized its potential to make bitcoin more accessible and diversify investing techniques in Canada’s rapidly expanding crypto industry.
This ETF joins BlackRock’s seven other iShares listings on Cboe Canada. It also follows the larger trend of institutional investors increasingly embracing cryptocurrencies, despite market swings.
Cboe Canada, a premier platform for innovative financial products, has welcomed the inclusion of the iShares Bitcoin ETF. According to Rob Marrocco, Global Head of ETF Listings at Cboe, the introduction demonstrates the company’s continuous dedication to innovation in delivering secure and accessible crypto investment alternatives to the public.
This new ETF demonstrates BlackRock’s leadership in linking traditional finance with the developing digital asset landscape, reinforcing its position in the global bitcoin ecosystem.
