While the spot Bitcoin ETFs offered by Blackrock in the United States have been a hit since their launch, the asset manager intends to offer others elsewhere in the world, in particular to increase the adoption of Bitcoin (BTC) among institutional players. From now on, Canadian investors will be able to acquire spot BTC ETFs issued by Blackrock.
Blackrock allows Canadians to invest in its spot Bitcoin ETF
This Monday, Cboe Canada, a Canadian stock exchange specializing in securitiesannounced the launch of a new Bitcoin spot ETF offered by asset manager Blackrock. In the same way as their American counterparts, Canadian investors will be able to acquire shares of the iShares Bitcoin Trust.
This can be negotiated under the IBIT ticker if the fund is denominated in Canadian dollars, or under the IBIT.U ticker if it is denominated in US dollars.
💡 Everything you need to know about spot Bitcoin (BTC) ETFs
With the arrival of the iShares Bitcoin Trust in Canada, the BTC spot ETF offered by Blackrock joins all Bitcoin ETFs and Ethereum ETFs already available on Canadian soil. Last November, the NASDAQ listed 13 on the Canadian market including some offered by Fidelitya manager that offers crypto ETFs on American soil, just like Blackrock.
As Helen Hayes, director of iShares Canada, a subsidiary of BlackRock, indicates, the arrival of IBIT and IBIT.U on the Canadian market represents a great opportunity to increase the adoption of Bitcoin in North America :
Launch of iShares Bitcoin Trust ETF in Canada highlights BlackRock’s commitment to innovate and offer clients access to a growing world of investments. The IBIT fund offers Canadian investors a convenient and cost-effective way to gain exposure to Bitcoin and helps eliminate the operational and custody complexities of holding bitcoin directly.
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A year 2025 following on from the good year 2024 for spot BTC ETFs?
Since the launch of spot Bitcoin ETFs in the United States early last year, the iShares Bitcoin Trust US ETF has become the most popular Bitcoin fund in the world.
Indeed, in one year, the American IBIT recorded only 14 days of net outgoing flows for 188 days of net incoming flows. This brings the total net inflows for this ETF to almost $37.7 billion for an average of approximately $150 million of daily net inflows.
For comparison, as of January 13, 2025, all spot Bitcoin ETFs present on American soil recorded for nearly $36 billion in net inflows since their launch.
🔎 Also read – One year of spot Bitcoin ETF: What should we remember from this launch?
This means that the volume generated by the IBIT allows you to offset that of loss-making ETFs like Grayscale Bitcoin Trust which displays for over $21 billion in net outflows in one year.
For analysts, an increase in the adoption of BTC by institutional investors as well as the adoption of a policy favorable to cryptocurrencies in the United States could have a positive effect on the price of Bitcoin in 2025. This democratization of cryptocurrency could well result in an increase in interest in spot BTC ETFs.
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Source: SoSoValue, Press release
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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