BlackRock’s (BLK) bitcoin BTC$111,056.24 exchange-traded product (ETP) started trading on the London Stock Exchange on Monday, the asset manager’s first such product in the U.K., after the Financial Conduct Authority (FCA) lifted its ban on certain bitcoin-based ETPs.
The iShares Bitcoin ETP, trading on the London Stock Exchange under the ticker IB1T, allows retail investors to buy exposure to bitcoin through a regulated market without needing to hold the cryptocurrency directly.
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