Discover how Ishares’ Bitcoin ETF launch on Cboe Canada offers Canadian investors a simple and secure way to invest in bitcoin.
Cboe Canada Welcomes Ishares Bitcoin ETF with Canadian and U.S. Dollar Listings
Ishares, a subsidiary of Blackrock Asset Management Canada Limited, has officially introduced the Ishares Bitcoin ETF (IBIT) on Cboe Canada, marking a significant step for Canadian investors seeking exposure to bitcoin, the world’s leading cryptocurrency.
The ETF began trading today under the symbols IBIT (CAD) and IBIT.U (USD). Designed to closely track bitcoin’s price movements while accounting for operational expenses, IBIT aims to provide a cost-effective and accessible means for investors to engage with digital assets.
Simplifying Bitcoin Investment
The fund channels its resources into the Ishares Bitcoin Trust ETF, which holds long-term bitcoin positions. This structure allows investors to gain exposure to bitcoin via traditional brokerage accounts, bypassing the complexities and risks associated with direct custody.
Helen Hayes, head of Ishares Canada, highlighted the ETF’s benefits:
The Ishares Fund offers Canadian investors an efficient and secure way to access bitcoin, eliminating operational and custody challenges.
Collaboration with Cboe Canada
Cboe Canada’s global head of ETF listings, Rob Marrocco, emphasized the partnership’s significance:
Cboe is committed to meeting investor demand for crypto exposure through innovative, exchange-listed products.
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IBIT is now part of Cboe Canada’s growing digital asset ecosystem, which already includes seven other Ishares listings. The platform boasts robust trading volumes and a reputation for advancing digital asset offerings with state-of-the-art infrastructure.
Institutional Adoption Accelerates
The launch of the Ishares Bitcoin ETF reflects the continued institutional embrace of cryptocurrencies. Ishares’ strategic move positions it to meet rising demand among Canadian investors for seamless access to bitcoin within traditional financial systems.
