The ETF industry started 2025 on the right foot. Among the standout news at the beginning of the year is that asset manager BlackRock launched a new Bitcoin exchange-traded fund (ETF) on Cboe Canada, according to information from the Canadian stock exchange released earlier this week. The announcement was confirmed in a statement issued by BlackRock itself.
This Canadian fund, registered as the iShares Bitcoin ETF, will trade under the same symbol, IBIT, as BlackRock’s U.S. product. Additionally, shares denominated in U.S. dollars will trade under the symbol IBIT.U, according to the stock exchange.
“The iShares fund offers Canadian investors a way to gain exposure to Bitcoin while helping eliminate the operational and custodial complexities of holding Bitcoin directly,” said Helen Hayes, Head of iShares Canada at BlackRock.
The ETF is designed to provide Canadian investors access to BlackRock’s primary U.S. spot Bitcoin fund, iShares Bitcoin Trust (IBIT). It will invest all or most of its assets in IBIT, according to a statement from Cboe Canada.
Likewise, this fund will join a dozen other Bitcoin ETFs already trading on Canadian exchanges, according to sources at Nasdaq.
According to figures from BlackRock, its U.S. IBIT ETF has become the world’s most popular Bitcoin fund. Since its launch in January 2024, this fund has recorded over $37 billion in net inflows.
As recently as November, U.S. Bitcoin ETFs surpassed $100 billion in net assets for the first time, according to data from Bloomberg Intelligence. It is expected that Bitcoin ETFs will attract approximately $48 billion in net inflows this year.
