Overview
- BlackRock says the iShares Bitcoin ETF (IBIT) will begin trading on the Australian Securities Exchange in mid-November 2025.
- The ASX-listed product is a local wrapper of the U.S. iShares Bitcoin Trust, which launched in January 2024 and has reported assets ranging from about $85 billion to over $98 billion.
- Shares will provide exposure to bitcoin without direct ownership or custody, with creation and redemption tied to the underlying U.S. trust.
- The launch lands as ASIC updates crypto guidance that will require affected providers to hold an Australian Financial Services Licence by June 2026.
- IBIT’s entry is expected to intensify competition with existing Australian spot-bitcoin ETFs from Global X/21Shares, VanEck, Monochrome, and DigitalX and to increase local liquidity.