BlackRock has launched the iShares Bitcoin ETF on Cboe Canada, trading under the ticker IBIT, with a U.S. dollar version labeled IBIT.U. This fund aims to provide Canadian investors access to Bitcoin while avoiding direct custody challenges, joining over a dozen existing Bitcoin ETFs in Canada.Since its January 2024 launch, BlackRock's U.S. iShares Bitcoin Trust has seen over $37 billion in net inflows, contributing to a total of $100 billion across U.S. Bitcoin ETFs by November 2024. Analysts predict an additional $48 billion in inflows for Bitcoin ETFs in 2025, driven by increasing institutional interest and demand as a hedge against inflation and geopolitical risks.
BlackRock's iShares Bitcoin Trust (IBIT) has successfully expanded into Canada after achieving significant inflows in the US, contrasting with a broader trend of outflows in the Bitcoin ETF sector. While the market faced over $1 billion in cumulative outflows, IBIT recorded a $29.5 million inflow, highlighting its strong performance. The Canadian launch includes two versions of the ETF, providing investors with a convenient way to gain Bitcoin exposure through traditional brokerage accounts.
BlackRock has launched its iShares Bitcoin ETF on the Cboe Canada platform, providing Canadian investors with a streamlined way to gain Bitcoin exposure. Trading under the symbols IBIT and IBIT.U, the ETF aims to track Bitcoin's price performance and reflects growing acceptance of Bitcoin as an investment class in Canada. With over $500 million in inflows, market experts predict this momentum could push Bitcoin prices to $120,000 by January.
BlackRock has launched its first Canadian Bitcoin ETF, trading under the IBIT ticker in both Canadian and U.S. dollars, aimed at simplifying crypto exposure for investors. The fund, which invests primarily in the iShares Bitcoin Trust ETF in the U.S., allows for tax-advantaged holdings through traditional brokerage platforms, addressing custody concerns. Despite record-high outflows of $333 million attributed to profit-taking, the ETF has seen significant growth, reflecting a strong institutional appetite for regulated crypto investments.
BlackRock has launched a new Bitcoin ETF on Cboe Canada, allowing Canadian investors to access its US spot Bitcoin fund, iShares Bitcoin Trust (IBIT). The ETF, trading under the ticker IBIT, aims to simplify Bitcoin investment by removing operational complexities. Since its US launch in January 2024, the IBIT fund has attracted over $37 billion in net inflows, contributing to a significant rise in Bitcoin ETF popularity amid increasing institutional interest.
BlackRock has launched the iShares Bitcoin ETF on Cboe Canada, providing Canadian investors with a regulated way to gain exposure to Bitcoin. Trading under the tickers IBIT and IBIT.U, the fund primarily invests in the US-listed iShares Bitcoin Trust ETF, simplifying the investment process. This launch reflects BlackRock's commitment to innovation in the investment landscape.
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