BlackRock launches two Canada ETFs, with one allocating 3% to Bitcoin
BlackRock Canada’s new IBQT fund combines global equity exposure with a 3% Bitcoin allocation through the firm’s Canadian iShares Bitcoin ETF.
BlackRock Canada introduced two new exchange-traded funds (ETFs) on Monday, one of which allocates a modest 3% to Bitcoin. The first ETF, the iShares Equity + Bitcoin ETF Portfolio (IBQT), is a blend of globally diversified equities and Bitcoin exposure. IBQT holds 97% of its portfolio in Canadian, US, international, and emerging-market equities, with the remaining 3% invested in Bitcoin through BlackRock's Canadian iShares Bitcoin ETF (IBIT). The IBIT trades on Cboe Canada.
In contrast, the second ETF, the iShares Core MSCI All-International Equity Index ETF (XINT), follows the MSCI ACWI ex North America IMI Index. This index provides exposure to over 5,000 companies across approximately 40 developed and emerging markets, excluding Canada and the US. Managed by BlackRock Asset Management Canada through the RBC iShares alliance, both funds are part of BlackRock's extensive asset management portfolio, which reached $6.2 trillion in assets as of June 30.
The company's US-listed iShares Bitcoin Trust (IBIT) is the largest US spot Bitcoin ETF by assets under management, with around $47.9 billion in assets under management, according to CoinMarketCap.
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