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BlackRock to List iShares Bitcoin ETF on Australia’s ASX in Mid-November

The ASX product will wrap the U.S. iShares Bitcoin Trust with a 0.39% fee under Australia’s tightened crypto rules.

BlackRock plans to launch Bitcoin ETF in Australia
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Overview

  • BlackRock confirmed an ASX listing of its iShares Bitcoin ETF in mid-November with the ticker IBIT.
  • The Australian share class will link to the U.S. iShares Bitcoin Trust launched in January 2024.
  • Management fees are set at 0.39%, offering a lower-cost, exchange-traded path to Bitcoin exposure without direct custody.
  • The launch lands as ASIC classifies most digital-asset services as financial products requiring an Australian Financial Services Licence by June 2026.
  • IBIT enters a competitive local market with spot Bitcoin products from Global X/21Shares, VanEck, Monochrome, and DigitalX, as institutional interest grows following high-profile allocations such as Harvard’s reported $100 million investment in the U.S. fund.