BlackRock launches new Bitcoin ETF on Cboe Canada

BlackRock has made headlines in 2025 with the launch of a new Bitcoin exchange-traded fund (ETF) on Cboe Canada. This recent development was revealed by the Canadian stock exchange and confirmed by BlackRock in an official statement. The Canadian version of this fund, known as the iShares Bitcoin ETF, will be traded under the symbol IBIT, mirroring its U.S. counterpart. Additionally, shares traded in U.S. dollars will have the symbol IBIT.U, as specified by the stock exchange.

Helen Hayes, Head of iShares Canada at BlackRock, emphasized that the iShares fund provides Canadian investors with a convenient way to gain exposure to Bitcoin without the complexities associated with owning the digital asset directly. The ETF aims to grant Canadian investors access to BlackRock’s primary U.S. spot Bitcoin fund, the iShares Bitcoin Trust (IBIT). The fund’s strategy involves investing most, if not all, of its assets in IBIT, ensuring alignment with BlackRock’s offerings in the U.S.

Joining a suite of other Bitcoin ETFs already available on Canadian exchanges, this new BlackRock fund contributes to the expanding landscape of cryptocurrency investment opportunities in the country. Nasdaq sources have reported that there are approximately twelve Bitcoin ETFs currently accessible on Canadian exchanges, signifying growing interest and demand in this type of investment product.

BlackRock’s U.S. IBIT ETF, which launched in January 2024, has swiftly emerged as the world’s leading Bitcoin fund in terms of popularity. With net inflows exceeding $37 billion within its short timeframe of operation, the U.S. version of the fund has demonstrated remarkable success. Furthermore, data from Bloomberg Intelligence indicates that U.S.-based Bitcoin ETFs collectively surpassed $100 billion in net assets in November, marking a significant milestone in the cryptocurrency investment space. Projections suggest that Bitcoin ETFs could attract an estimated $48 billion in net inflows throughout the current year, underlining the continued growth and appeal of these investment vehicles.

In related news within the ETF industry, Capital Group has introduced its first Small and MidCap ETF in the U.S. market. This addition to their portfolio signifies a strategic move to capitalize on emerging sectors and market opportunities. Additionally, the global ETF industry witnessed substantial growth in 2024, with an influx of $1.88 trillion in investments. This continuous positive trend underscores the increasing popularity and acceptance of ETFs as a preferred investment choice for individuals and institutions alike.

As the ETF market continues to evolve and expand, the introduction of new products and the strong performance of existing funds like BlackRock’s Bitcoin ETF demonstrate the dynamism and innovation present within this sector. Investors are presented with an array of options to diversify their portfolios and capitalize on emerging trends, underscoring the pivotal role that ETFs play in modern investment strategies.