Canada Welcomes BlackRock Bitcoin ETF for Smarter Crypto Investing
Ishares, a subsidiary of Blackrock, has launched the Ishares Bitcoin ETF on Cboe Canada, offering Canadian investors easy access to bitcoin without the complexities of direct custody.
Trading under IBIT (CAD) and IBIT.U (USD), the ETF mirrors bitcoin’s price while accounting for expenses. The fund invests in the Ishares Bitcoin Trust ETF, enabling brokerage account holders to gain bitcoin exposure conveniently. Ishares Canada head Helen Hayes highlighted the fund’s cost-effectiveness and simplicity, while Cboe’s Rob Marrocco praised its role in expanding crypto access. This ETF reflects rising institutional interest in digital assets and broadens opportunities for Canadian investors.
Clever Robot News Desk 15th January 2025
