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BlackRock launches its new Bitcoin ETF in Canada

On January 13, 2025, BlackRock introduced its iShares Bitcoin ETF (IBIT) on Cboe Canada, enabling local investors to access Bitcoin without direct ownership complexities. IBIT reflects Bitcoin’s price by investing in the US-listed iShares Bitcoin Trust ETF, ensuring market alignment by also leveraging Coinbase Prime for institutional custody.

The management fee for IBIT is set at 0.32%, with available classes in both Canadian dollars and USD. As of the launch date, IBIT had net assets totaling around CAD 2 million. It stands as the largest Bitcoin ETF, boasting over 52.7 billion USD in net assets in the US.

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