iShares Digital Assets AG has issued 730,000 new securities for its iShares Bitcoin ETP, increasing the total number of securities in the series to 76,595,000. This marks the 31st issuance in the series. The newly issued securities will begin trading on the London Stock Exchange’s main board from December 4, with each security priced at $9.04. The Bitcoin Exchange Traded Product (ETP) tracks the performance of Bitcoin and carries an annual fee rate of 0.25%. However, this fee has been discounted to 0.15% until December 31, 2026, to benefit investors. The iShares Bitcoin ETP offers investors the opportunity to gain exposure to Bitcoin price movements without directly investing in the cryptocurrency. It is particularly useful for individuals and institutions seeking participation in the Bitcoin market while avoiding the complexities of direct cryptocurrency purchase and custody. Its availability on the London Stock Exchange enhances accessibility, especially for European investors. This expansion of the Bitcoin ETP reflects growing confidence and increased investment in the crypto market. Nonetheless, investors should remain mindful of Bitcoin’s price volatility and market uncertainties, as cryptocurrency prices can fluctuate rapidly.
Source: binance
