BlackRock Introduces Bitcoin ETF on Cboe Canada with Tickers IBIT and IBIT.U
BlackRock is launching a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, expanding its investment offerings. Key details include:
- Assets under management exceed $11 trillion.
- The ETF will be listed under the tickers IBIT and IBIT.U for USD-dominated units.
- The fund tracks Bitcoin's price after expenses.
- Investors can buy Bitcoin through brokerage accounts without needing an exchange account.
- BlackRock’s U.S. Bitcoin spot ETF has seen inflows of $37.67 billion, with net assets of $52.79 billion.
Bitcoin Market Update
In recent trading, Bitcoin fell below $90,000 but quickly rebounded to approximately $92,143.18. Notable movements include:
- Crashed to a low of $89,260.10 before recovering to $92,000.
- MicroStrategy acquired 2,530 BTC for $243 million, increasing its total holdings to 450,000 BTC, valued at over $40 billion.