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BlackRock-Backed iShares Issues Fresh Bitcoin ETP Units in London
BlackRock-backed iShares has issued a new tranche of Bitcoin ETP units in London, expanding regulated Bitcoin access and increasing institutional market participation.
The ₿itcoin⚡️ Libertarian 🇦🇷🇸🇻
December 27, 2025
iShares Digital Assets AG has issued a new tranche of Bitcoin Exchange Traded Product securities on the London Stock Exchange, expanding the supply of its Bitcoin-linked investment product. The issuance forms part of the company’s ongoing secured cryptoasset issuance programme and reflects continued investor demand for regulated Bitcoin exposure in European markets.
The product is backed by BlackRock, the world’s largest asset manager, adding institutional credibility to the offering at a time when traditional finance is increasingly engaging with digital assets.
Table of Contents
Details of the New Bitcoin ETP Tranche
The latest issuance consists of 140,000 new securities, bringing the total number of Bitcoin ETP units outstanding to over 84 million. The newly issued units were priced at approximately $8.92 per security and are expected to begin trading shortly after issuance under the ticker IB1T.
Each ETP unit represents a fractional entitlement to Bitcoin, with the product designed to closely track the price of BTC. The Bitcoin backing the ETP is held in custody by Coinbase Luxembourg S.A., providing institutional-grade custody and operational safeguards.
The iShares Bitcoin ETP allows investors to gain exposure to Bitcoin price movements without directly holding or managing the asset themselves. Instead of dealing with private keys, wallets, or blockchain transactions, investors can access Bitcoin exposure through a traditional brokerage account.
Structurally, the ETP operates as a secured debt instrument under English law. The underlying Bitcoin is held on behalf of investors, while authorized market participants handle creation and redemption, helping maintain price alignment with the underlying asset.
This structure has made Bitcoin ETPs particularly attractive to institutional investors, wealth managers, and retail investors who prefer familiar market infrastructure.
Fees and Cost Structure
The Bitcoin ETP carries a standard total expense ratio of 0.25 percent per year. However, a temporary fee reduction is in place, lowering the expense ratio to 0.15 percent annually through the end of 2026.
Lower fees have become a competitive differentiator in the Bitcoin investment landscape, particularly as multiple issuers compete for market share across Europe and the United States.
Why This Issuance Matters for Bitcoin Markets
The issuance of additional Bitcoin ETP units signals ongoing demand for regulated Bitcoin investment products, especially outside the United States. While U.S. spot Bitcoin ETFs have attracted significant attention, Europe continues to see steady growth in ETP-based access.
By increasing supply, iShares improves liquidity and reduces friction for investors entering or exiting positions. This also reinforces the trend of Bitcoin becoming integrated into traditional financial systems, rather than remaining confined to crypto-native platforms.
For Bitcoin advocates, this trend represents a double-edged development. While institutional adoption increases legitimacy and capital inflows, it also expands custodial and paper-based exposure rather than direct on-chain ownership.
Institutional Bitcoin Adoption Continues to Build
The continued expansion of BlackRock-backed Bitcoin products highlights a broader shift in global finance. Large asset managers are no longer experimenting at the margins of digital assets. They are actively building scalable, regulated products designed for long-term participation.
As Bitcoin matures as an asset class, the growth of products like the iShares Bitcoin ETP underscores how demand is evolving. Investors are increasingly seeking regulated exposure that aligns with existing compliance, custody, and portfolio frameworks.
Conclusion
The latest Bitcoin ETP tranche issued by iShares Digital Assets AG marks another step in Bitcoin’s integration into mainstream financial markets. Backed by BlackRock and listed on the London Stock Exchange, the product offers regulated, accessible exposure to Bitcoin for a broad range of investors.
As institutional participation continues to expand, Bitcoin’s presence in traditional finance appears increasingly entrenched. Whether viewed as progress or compromise, the steady growth of Bitcoin ETPs reflects a market that is no longer on the fringe but firmly embedded in the global investment landscape.
FAQs
The iShares Bitcoin ETP is a regulated exchange traded product that tracks the price of Bitcoin. It allows investors to gain Bitcoin exposure through traditional stock exchanges without holding Bitcoin directly.
The product is issued by iShares Digital Assets AG and backed by BlackRock, the world’s largest asset manager, which provides institutional credibility and oversight.
The Bitcoin ETP is listed on the London Stock Exchange and trades under the ticker symbol IB1T, making it accessible to UK and international investors through standard brokerage accounts.
How is the Bitcoin ETP backed?
Each ETP unit represents a fractional entitlement to Bitcoin. The underlying Bitcoin is held in custody by Coinbase Luxembourg S.A., providing institutional-grade storage and security.
The standard total expense ratio is 0.25 percent per year. A reduced fee of 0.15 percent applies temporarily until the end of 2026.
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