Bitcoin News

Story: BlackRock Canada Adds 3% Bitcoin Slice to New Toronto-Listed ETF Portfolio

By Sakamoto Nashi

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How IBQT Actually Works. The structure is straightforward once you look past the ticker soup.

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BlackRock's Scale Behind These Launches. The iShares business is not a small operation. As of June 30, it managed roughly $6.

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What the Toronto Listing Means. Canada has moved faster than most markets on crypto ETF approvals.

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BlackRock Canada dropped two new ETFs on the Toronto Stock Exchange Monday. The headline product is the iShares Equity + Bitcoin ETF Portfolio, ticker IBQT, and it's basically a…

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The Bitcoin exposure doesn't come from BlackRock buying coins directly. IBQT gets there through the firm's Canadian iShares Bitcoin ETF, which trades on Cboe Canada.

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Neither fund needed fresh regulatory approval to start trading.

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The structure is straightforward once you look past the ticker soup. IBQT holds a basket of iShares ETFs covering the major equity regions — Canada, the US, international…

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For investors who want crypto exposure but can't stomach or aren't permitted to hold a pure Bitcoin ETF, that 3% allocation is a pretty clean workaround.

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Both funds sit under BlackRock Asset Management Canada, run through the RBC iShares alliance.

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The iShares business is not a small operation. As of June 30, it managed roughly $6.2 trillion in assets spread across more than 1,700 ETFs globally.

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See also: Bitcoin Hovers Near $65K With $854M ETF Inflows as CPI Looms

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Over in the US, BlackRock's iShares Bitcoin Trust, ticker IBIT, is the largest spot Bitcoin ETF by assets under management. It held about $47.

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XINT, the second fund from Monday's launch, tracks the MSCI ACWI ex North America IMI Index.

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Canada has moved faster than most markets on crypto ETF approvals. Bitcoin ETFs were trading on Canadian exchanges years before US regulators gave the green light, and that head…

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The demand side has shifted too. Institutional and retail investors who once treated Bitcoin as something held separately — in a wallet, on an exchange, outside the brokerage…

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