BlackRock to Launch Bitcoin ETF on Australian Securities Exchange 2025
BlackRock to List Bitcoin ETF on ASX
- BlackRock will launch an iShares Bitcoin ETF on the Australian Securities Exchange (ASX) in mid-November 2025.
- The ETF is a local adaptation of BlackRock's US iShares Bitcoin Trust, managing approximately $85 billion since January 2024.
- The ASX ETF will charge a management fee of 0.39% per year.
Investment Details
- The ETF offers Australian investors bitcoin exposure without needing private wallets.
- Price volatility inherent to bitcoin will still apply through this structure.
- Custody and technical management are handled by the fund.
Considerations for Investors
- Investors should evaluate how closely the ETF tracks bitcoin's price and understand trading spreads on the ASX.
- The ASX listing relies on the US trust as its underlying asset, affecting cross-market flows and unit creation/cancellation processes.
- Liquidity and market maker support will influence entry and exit costs.
Market Implications
- BlackRock's move may encourage other asset managers to offer similar products in Australia.
- ETF presence on the ASX streamlines crypto exposure for retail investors but retains bitcoin market risks.
- Regulatory scrutiny in Australia may increase with BlackRock's involvement.
Competition and Risks
- Smaller providers might face increased competition regarding fees and access.
- An ETF wrapper can introduce additional costs and complexity compared to direct ownership.
- Investors should be aware of custody, insurance, and the trust's bitcoin sourcing and storage practices.
The launch timing in mid-November 2025 coincides with potential shifts in investor interest and market sentiment, impacting funds flowing into the ETF.