BlackRock Launches Bitcoin ETP on London Stock Exchange as UK Lifts Crypto Ban
Bitcoin Magazine BlackRock Launches Bitcoin ETP on London Stock Exchange as UK Lifts Crypto Ban BlackRock has its iShares Bitcoin Exchange-Traded Product on the London Stock Exchange. This post BlackRock Launches Bitcoin ETP on London Stock Exchange as UK Lifts Crypto Ban first appeared on Bitcoin Magazine and is written by Micah Zimmerman.
Bitcoin Magazine
BlackRock Launches Bitcoin ETP on London Stock Exchange as UK Lifts Crypto Ban
BlackRock has officially listed its iShares Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange (LSE).
This comes after the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto-linked investment products.
The ETP, ticker IB1T, allows retail investors to gain exposure to Bitcoin without directly trading or storing the cryptocurrency, offering a simplified entry point into the digital asset market.
The product is fully physically backed, with all Bitcoin held in secure custody through Coinbase.
BlackRock emphasized that the ETP removes the technical challenges of holding cryptocurrency, transferring responsibility for secure storage to the issuer.
According to the firm, Coinbase employs a combination of physical security, multiparty computation, and daily transfers to segregated cold storage wallets, ensuring institutional-grade protection for investors.
“The iShares Bitcoin ETP leverages years of integration between Coinbase and BlackRock, providing UK investors with a secure gateway to digital assets through traditional trading platforms,” said Jane Sloan, EMEA Head of Global Product Solutions at BlackRock.
With UK crypto ownership projected to grow to nearly four million adults over the next year, the launch is seen as timely, providing access to a regulated, familiar investment vehicle.
NEW: BlackRock's #Bitcoin exchange traded product is now officially trading on the London Stock Exchange
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