BlackRock Launches Innovative Investment Solution for Investors to Access the World of Cryptocurrency

BlackRock has launched the iShares Bitcoin ETF on Cboe Canada, allowing investors to gain exposure to the world’s largest digital asset through traditional brokerage accounts and simplifying the process of direct Bitcoin custody.

BlackRock’s new Bitcoin ETF adopts a funds-of-funds approach, meaning that it invests substantially or all of its assets in the US-listed iShares Bitcoin Trust ETF, which holds long-term Bitcoin. This innovative approach allows investors to buy shares of the ETF through standard brokerage accounts, eliminating the need for direct custody and related complexities.

Helen Hayes, Head of iShares Canada at BlackRock, emphasized the company’s commitment to innovation and providing clients with access to an expanding world of investments. She highlighted that the iShares Bitcoin ETF provides Canadian investors with a convenient and cost-effective way to gain exposure to Bitcoin, which helps remove the operational and custody complexities of holding bitcoin directly.

The Bitcoin ETF joins seven other iShares products already trading on Cboe Canada, a leading exchange for ETFs from Canada’s largest issuers, Canadian Depositary Receipts, and various growth companies.

Source: cryptobriefing.com