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BlackRock’s iShares Bitcoin ETF has launched on the Cboe Canada platform, marking a significant milestone in expanding crypto investment opportunities for Canadian investors. The new ETF, IBIT and IBIT.U, offers an efficient path to Bitcoin exposure, further solidifying BlackRock’s leadership position in the evolving cryptocurrency market.
With over $37 billion in net inflows since its January 2024 launch, BlackRock’s U.S. iShares Bitcoin Trust ETF has seen immense success, mirroring heightened investor demand for Bitcoin and other digital assets. As a result, experts predict that Bitcoin prices could potentially reach $120,000 by the end of January.
This latest development underscores Canada’s growing acceptance of cryptocurrency as an investment class, paving the way for further innovation and accessibility in the space. The Cboe Canada platform has listed the ETF under symbols IBIT and IBIT.U, making it readily available to Canadian investors through standard investment channels, including full-service dealers and discount brokerage platforms.
The new ETF tracks Bitcoin’s price performance by allocating a majority of its assets to the U.S.-based iShares Bitcoin Trust ETF. This move reflects BlackRock’s ongoing commitment to simplifying cryptocurrency investment for retail and institutional clients, as well as providing easy access to the digital asset class.
Source: www.crypto-news-flash.com
