BlackRock Plans Debut Crypto ETF in Australia – Bits Media
BlackRock Australia is poised to introduce the nation’s inaugural exchange-traded fund (ETF) tied to Bitcoin this month, affording domestic investors supervised entry into the digital currency arena.
The iShares Bitcoin ETF (IBIT) is slated to commence trading on the Australian Securities Exchange around the middle of November. The fund will levy a yearly management expense of 0.39%.
Tamara Stats, Director of Institutional Customers at BlackRock Australasia, stated that the firm intends to mirror the results of BlackRock’s Bitcoin ETF, which debuted in the United States in January 2024. It currently oversees roughly $85 billion in assets. Stats clarified that the novel fund was initiated to satisfy increasing interest in Bitcoin from substantial enterprises looking to broaden their holdings.
The prior week, BlackRock revealed intentions to list the iShares Core Global Aggregate Bond (AUD Hedged) ETF (AGGG) at the beginning of November. The AGGG fund presents investments in sovereign, commercial, and asset-backed debt instruments. The yearly management expense will be 0.18%.
BlackRock indicated that iShares ETF capital influx reached $153 billion as of the conclusion of the third fiscal quarter. BlackRock’s iShares section presently manages around $5 trillion in assets.
BlackRock Chairman Larry Fink was earlier wary of Bitcoin, but he lately conceded that the original cryptocurrency has evolved into a sound substitute for conventional investments.
Источник: bits.media
