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BlackRock Expands iShares Bitcoin ETF to Canada Following U.S. Success
In a move to further expand its offerings in the rapidly growing cryptocurrency market, global investment management behemoth BlackRock has announced the launch of its iShares Bitcoin ETF in Canada.
The Canadian version of the product, listed on the CBOE Canada, is the result of the resounding success of the US-based offering. The iShares Bitcoin ETF surpassed $52 billion in assets under management (AUM) within just one year of its launch, a remarkable milestone previously held by physical gold ETFs.
BlackRock’s decision to expand its popular Bitcoin ETF into the Canadian market will undoubtedly provide Canadian investors with an accessible and efficient means of investing in the cryptocurrency without the need for direct portfolio management. The product is available for trading on various platforms, including discount brokerage platforms and full-service dealers nationwide.
As highlighted by Helen Hayes, Head of iShares Canada at BlackRock, this move underscores the growing recognition of Bitcoin as a mainstream investment option, which can be seamlessly integrated into a diversified portfolio.
Source: cryptonewsland.com
