LONDON – iShares Digital Assets AG announced on Wednesday the issuance of 713,000 additional securities of its iShares Bitcoin ETP under its Secured Cryptoasset Linked Securities Programme, bringing the total number of securities in the series to 95,662,328.
The new tranche, priced at $8.76 per security, will be admitted to trading on the Main Market of the London Stock Exchange beginning January 29, 2026, according to the company’s final terms document.
The Bitcoin ETP, which tracks the performance of Bitcoin with a one-to-one exposure minus fees, currently maintains a Total Expense Ratio (TER) of 0.25% per annum. However, investors will benefit from a partial TER waiver of 0.15% per annum from the series issue date through December 31, 2026.
The securities are backed by Bitcoin held in custody by Coinbase Luxembourg S.A., with Flow Traders B.V., Jane Street Financial Limited, and Virtu Financial Ireland Limited serving as authorized participants.
Each security represents a specific Bitcoin entitlement that decreases daily at a rate equal to the portion of the TER applicable to that day. The securities are issued as debt instruments in registered form governed by English law.
The Bitcoin ETP trades on the London Stock Exchange under the ticker IB1T. Following the UK Financial Conduct Authority’s regulatory changes that came into effect in October 2025, the securities may now be offered to retail clients in the United Kingdom.
The information is based on a press release statement from iShares Digital Assets AG.
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