BlackRock Canada Launches ETF That Combines Stocks And Bitcoin

BlackRock (NYSE: $BLK), the world's largest asset manager, has launched a new exchange-traded fund that provides exposure to both stocks and Bitcoin (CRYPTO: $BTC). 

The iShares Equity + Bitcoin ETF began trading under the ticker symbol "IBQT" on the Toronto Stock Exchange Aug. 10. It includes a 3% Bitcoin allocation and 97% exposure to stocks.

Stocks in the new fund include shares of companies based in Canada, the U.S., and emerging markets, according to a news release from BlackRock.

The company says the new ETF provides diversified stock and Bitcoin exposure through one listed security and investment vehicle. 

The IBQT fund charges an annual management fee of 0.22%. 

BlackRock said it remains committed to "expanding access to investing for Canadians through low-cost, one-ticker solutions." 

The new ETF is managed by BlackRock Asset Management Canada. BlackRock has $15.3 trillion U.S. of assets under management (AUM). 

BLK stock has risen 4% this year to trade at $1,128.16 U.S. per share.