BlackRock Introduces Bitcoin ETF to Expand Crypto Investments in Canada

BlackRock Asset Management Canada Limited has launched the iShares Bitcoin ETF, a significant step toward making Bitcoin trading more accessible. This ETF, which already trades on Cboe Canada under the codes IBIT (CAD) and IBIT.U (USD), is intended to provide investors with a simple, low-cost option to obtain exposure to Bitcoin, a digital asset that continues to captivate markets throughout the world.

This new fund, which distributes its assets to the iShares Bitcoin Trust ETF located in the United States, closely tracks Bitcoin's performance, removing operational overhead. This approach simplifies the often-daunting chore of directly maintaining Bitcoin, such as navigating wallet security or dealing with custody concerns.

Helen Hayes, Head of iShares Canada at BlackRock, expressed excitement for the launch: “The iShares Bitcoin ETF offers Canadian investors a convenient and cost-effective avenue to gain exposure to Bitcoin, eliminating the challenges of direct Bitcoin ownership.”

Cboe Canada, a platform recognized for launching cutting-edge financial solutions, enthusiastically welcomed the ETF. “Cboe has a legacy of introducing innovative financial solutions, including spot crypto ETFs. Listing BlackRocks IBIT ETF reinforces our role in expanding market access.”

This ETF joins BlackRock's comprehensive portfolio of iShares funds, which are already listed on Cboe Canada, offering investors easy access through their chosen investing channels, whether discount brokerages or full-service advisers.

BlackRock's Vision: Simplifying CryptoInvesting

The introduction of the iShares Bitcoin ETF is consistent with BlackRock's overall goal of satisfying investors' shifting demands. As the demand for digital assets develops, BlackRock aims to connect established investment strategies with emergent asset classes such as cryptocurrencies.

With a heavy emphasis on operational efficiency and risk control, this ETF provides a user-friendly alternative for people interested in Bitcoin, allowing them to participate in the cryptocurrency market without requiring direct ownership.

About BlackRock

As of 2025, BlackRock, Inc. is the world's largest asset manager, managing more than $9 trillion in assets. The organization, headquartered in New York City, is committed to providing new financial solutions and equipping investors with cutting-edge tools and methods. BlackRock, known for its emphasis on sustainability and client-focused methods, continues to shape the future of global finance.

By establishing the iShares Bitcoin ETF, BlackRock demonstrates its capacity to adapt, innovate, and lead in an ever-changing financial world. This announcement not only demonstrates the company's dedication to making cryptocurrency investments more accessible, but it also reaffirms its position as a trusted partner in reaching financial objectives.