Crypto
BlackRock Brings Balanced Crypto Exposure to Canada
BlackRock has introduced two new exchange-traded funds (ETFs) on the Toronto Stock Exchange, including one that allocates 3% of its assets to Bitcoin.
The iShares Equity + Bitcoin ETF Portfolio, trading under the ticker IBQT, holds 97% of its assets in a globally diversified basket of equities and directs the remaining 3% into Bitcoin.
The fund avoids picking individual stocks or holding Bitcoin directly, instead investing primarily in other iShares ETFs to build its equity sleeve.
The 3% Bitcoin allocation flows through the Canadian iShares Bitcoin ETF, which trades as IBIT on Cboe Canada.