BlackRock has confirmed that its Canadian arm has granted securities lending for the iShares Bitcoin ETF from Aug. 25 after providing investors with the required 60-day notice.
The move follows disclosure in the June 26 prospectus, which outlined how the fund may engage in lending transactions in accordance with Canadian securities laws. The decision aligns it with other iShares ETFs in Canada, many of which already rely on securities lending to generate incremental income.
BlackRock Canada has appointed two affiliates as lending agents for the fund, including BlackRock Institutional Trust Company (BTC), based in San Francisco, and BlackRock Advisors (UK) Limited (BAL), headquartered in London.