{"id":48351,"date":"2025-10-21T15:14:58","date_gmt":"2025-10-21T20:14:58","guid":{"rendered":"https:\/\/bitcoinmagazine.com\/?p=48351"},"modified":"2025-10-21T15:15:03","modified_gmt":"2025-10-21T20:15:03","slug":"blackrock-launches-bitcoin-etp-on-lse","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/blackrock-launches-bitcoin-etp-on-lse","title":{"rendered":"BlackRock Launches Bitcoin ETP on London Stock Exchange as UK Lifts Crypto Ban"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\n<p>BlackRock has officially listed its iShares Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange (LSE).<\/p>\n\n\n\n<p>This comes after the Financial Conduct Authority\u2019s (FCA) <a href=\"https:\/\/bitcoinmagazine.com\/news\/uk-lifts-ban-on-bitcoin-etns\">decision to ease restrictions<\/a> on crypto-linked investment products.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.blackrock.com\/uk\/intermediaries\/products\/337088\/ishares-bitcoin-etp\" target=\"_blank\" rel=\"noopener\">ETP<\/a>, ticker IB1T, allows retail investors to gain exposure to Bitcoin without directly trading or storing the cryptocurrency, offering a simplified entry point into the digital asset market.<\/p>\n\n\n\n<p>The product is fully physically backed, with all Bitcoin held in secure custody <a href=\"https:\/\/etfexpress.com\/2025\/10\/20\/blackrock-brings-bitcoin-to-uk-retail-investors-on-exchange\/\" target=\"_blank\" rel=\"noopener\">through Coinbase<\/a>.&nbsp;<\/p>\n\n\n\n<p>BlackRock emphasized that the ETP removes the technical challenges of holding cryptocurrency, transferring responsibility for secure storage to the issuer.<\/p>\n\n\n\n<p>According to the firm, Coinbase employs a combination of physical security, multiparty computation, and daily transfers to segregated cold storage wallets, ensuring institutional-grade protection for investors.<\/p>\n\n\n\n<p>\u201cThe iShares Bitcoin ETP leverages years of integration between Coinbase and BlackRock, providing UK investors with a secure gateway to digital assets through traditional trading platforms,\u201d said Jane Sloan, EMEA Head of Global Product Solutions at BlackRock.&nbsp;<\/p>\n\n\n\n<p>With UK crypto ownership projected to grow to nearly four million adults over the next year, the launch is seen as timely, providing access to a regulated, familiar investment vehicle.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">NEW: BlackRock&#39;s <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> exchange traded product is now officially trading on the London Stock Exchange \ud83c\uddec\ud83c\udde7 <a href=\"https:\/\/t.co\/5HjgHvW1tX\">pic.twitter.com\/5HjgHvW1tX<\/a><\/p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1980697340924022889?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 21, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>The ETP has a total expense ratio (TER) of 15 basis points per annum, including a temporary fee waiver until the end of 2025.&nbsp;<\/p>\n\n\n\n<p>From January 1, 2026, the TER will increase to 25 bps. The BlackRock Investment Institute <a href=\"https:\/\/www.reuters.com\/markets\/us\/blackrock-recommends-bitcoin-portfolio-weighting-up-2-interested-investors-2024-12-12\/\" target=\"_blank\" rel=\"noopener\">advises<\/a> that for investors with suitable governance and risk tolerance, a 1\u20132% allocation to Bitcoin within multi-asset portfolios is reasonable, reflecting both potential upside and the asset\u2019s high volatility.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">UK retail ban lift on ETNs and ETPs<\/h2>\n\n\n\n<p>The debut follows a regulatory shift in the UK after the FCA lifted its four-year ban on retail access to crypto-linked exchange-traded notes (ETNs) and ETPs. Previously, retail investors were barred from such products due to high volatility and consumer risk concerns.&nbsp;<\/p>\n\n\n\n<p>The FCA noted that the market has matured, with institutional-grade custodians and improved liquidity making such investments more suitable for regulated markets.&nbsp;<\/p>\n\n\n\n<p>While the retail ban on crypto derivatives remains, the FCA has indicated ongoing monitoring of high-risk investments and opened the door for fund tokenization initiatives in the asset management sector.<\/p>\n\n\n\n<p>The UK launch mirrors the success of BlackRock\u2019s U.S. Bitcoin offerings. Its flagship iShares Bitcoin Trust ETF (IBIT) now <a href=\"https:\/\/bitcoinmagazine.com\/markets\/blackrocks-ibit-etf-nears-100-billion\">manages over $100 billion<\/a>, attracting both retail and institutional investors through traditional brokerage accounts.<\/p>\n\n\n\n<p>In the third quarter of 2025, BlackRock reported $17 billion in net inflows into digital asset products, underlining strong demand for regulated crypto exposure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock has its iShares Bitcoin Exchange-Traded Product on the London Stock Exchange.<\/p>\n","protected":false},"author":3817,"featured_media":48354,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[79,944,1933,530],"class_list":{"0":"post-48351","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-blackrock","9":"tag-etf","10":"tag-etp","11":"tag-united-kingdom"},"author_data":{"id":3817,"name":"Micah Zimmerman","nicename":"micahzimmerman","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/11\/Micah_Zimmerman_Author_Image.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/10\/BlackRock-Launches-Bitcoin-ETP-on-London-Stock-Exchange-as-UK-Lifts-Crypto-Ban.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3817"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=48351"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/48351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/48354"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=48351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=48351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=48351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}