BlackRock Canada Launches ETF That Combines Stocks And Bitcoin
BlackRock (NYSE: $BLK), the world’s largest asset manager, has launched a new exchange-traded fund that provides exposure to both stocks and Bitcoin (CRYPTO: $BTC).
The iShares Equity + Bitcoin ETF began trading under the ticker symbol “IBQT” on the Toronto Stock Exchange Aug. 10. It includes a 3% Bitcoin allocation and 97% exposure to stocks.
Stocks in the new fund include shares of companies based in Canada, the U.S., and emerging markets, according to a news release from BlackRock.
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The company says the new ETF provides diversified stock and Bitcoin exposure through one listed security and investment vehicle.
The IBQT fund charges an annual management fee of 0.22%.
BlackRock said it remains committed to “expanding access to investing for Canadians through low-cost, one-ticker solutions.”
The new ETF is managed by BlackRock Asset Management Canada. BlackRock has $15.3 trillion U.S. of assets under management (AUM).
BLK stock has risen 4% this year to trade at $1,128.16 U.S. per share.
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