BlackRock just launched Bitcoin ETP on London Stock Exchange for UK retail investors

BlackRock has officially listed its iShares Bitcoin ETP (IB1T) on the London Stock Exchange making it available to UK retail investors for the first ￰0￱ product gives exposure to Bitcoin without the need to trade or hold the cryptocurrency ￰1￱ ETP is fully backed by Bitcoin with custody provided by ￰2￱ are held in segregated offline cold storage wallets at the end of each trading day

supported by Coinbase’s institutional security ￰3￱ said the launch comes amid growing demand for crypto exposure in the UK with local adoption rising at an annualised 12% since ￰4￱ cited by the firm suggests a further 21% increase in first-time UK crypto investors over the next 12 months placing the country third in Europe for crypto investment ￰5￱ enable ‘securer gateway to digital assets¡ Jane Sloan EMEA Head of Global Product Solutions at BlackRock

said the listing “unlocks a securer gateway to digital assets through traditional investment platforms” as the UK investor base is projected to approach four million people in the year ￰6￱ iShares Bitcoin ETP carries a total expense ratio (TER) of 15 basis points per year including a temporary waiver running until 31 December ￰7￱ 1 January 2026 the TER will rise to 25 bps ￰8￱ BlackRock Investment Institute (BII) noted that for investors able to withstand bitcoin’s volatility an allocation of 1–2% to the asset class can be reasonable in diversified portfolios.