BlackRock Canada Launches ETF With 3% Allocation to Bitcoin
JH Kim
Summary
- BlackRock Canada has launched IBQT, an exchange-traded fund (ETF) that allocates 3% of its portfolio to Bitcoin (BTC).
- IBQT invests 97% of its assets in equities in Canada, the US, other international markets and emerging markets.
- The remaining 3% is invested in Bitcoin through IBIT, BlackRock's Canadian Bitcoin ETF.
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BlackRock Canada has launched IBQT, an exchange-traded fund that allocates 3% of its portfolio to Bitcoin, Cointelegraph reported on Aug. 10.
The fund invests 97% of its assets in equities in Canada, the US, other international markets and emerging markets. The remaining 3% is invested in Bitcoin through IBIT, BlackRock's Canadian Bitcoin ETF.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.