BlackRock Sets Its Sights on BTC Spot ETF Trading market in Australia: Will It Stand Out Amidst the Competition?

BlackRock is preparing to introduce its iShares ETF in Australia on the ASX (Australian stock trading protocol) by mid-November 2025.

By entering Australia’s rapidly evolving crypto landscape, BlackRock aims to compete with established players such as Global X 21Shares Bitcoin ETF (EBTC), VanEck BTC ETF (VBTC), Monochrome BTC ETF (IBTC), and DigitalX BTC ETF (BTXX), which are already fully operational, as noted in a publication reported on November 4, 2025.

Tamara Stats, Director of Institutional Client Business at BlackRock Australia, indicated that the product caters to the “increasing institutional interest” in Bitcoin as a potential diversification option for portfolios.

Steve Ead, Head of Global Product Solutions, emphasized that the local availability of IBIT signifies BlackRock’s dedication to “expanding access and democratizing investment opportunities for a greater number of Australians.”

Furthermore, the ETF launching in Australia will be associated with BlackRock’s pre-existing US-linked BTC Trust and will implement a management fee of 0.39%. This provides Australian investors with an efficient and regulated means to invest in Bitcoin without the necessity of purchasing the digital currency directly.

JUST IN: BlackRock is set to launch a #Bitcoin ETF in Australia. pic.twitter.com/akTtrSnbdy

— BTC Magazine (@BitcoinMagazine) November 4, 2025

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Could BlackRock’s BTC ETF Disrupt the Australian Trading market?

EBTC, VBTC, IBTC, and BTXX are managing between A$150 million and A$300 million each, with VanEck leading in trading volumes while Monochrome distinguishing itself by being the first to long-term holding Bitcoin directly. As of October, it holds over 1,000 Bitcoin valued at A$188 million.

(Source: Stockspot)

Meanwhile, experts in the field anticipate that BlackRock’s IBIT will heighten competition and enhance crypto market available volume. The launch coincides with Australian regulators making strides to integrate crypto products into the mainstream financial system.

This development also follows BlackRock’s similar growth in the UK, where its Coinbase-supported Bitcoin ETP (Exchange-Traded Product) was introduced on the London Stock Trading protocol (LSE), reviving retail access after a lengthy regulatory prohibition.

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Australia Enforces Stricter Crypto Regulations as BlackRock’s iShares Arrives

The Australian Securities and Investment Commission (ASIC) is intensifying its regulations surrounding digital assets. Recently, it introduced a new set of guidelines, which categorize most crypto-related products, including stablecoins, wrapped tokens, tokenized securities, and even digital wallets, as financial products.

Essentially, any company operating in Australia that offers these services must acquire a specific license known as an AFSL (Australian Financial Services Licence) by June 30, 2026.

Although BTC itself is not labeled as a financial product, services that facilitate Bitcoin investments, such as ETFs, may be subject to this ruling in the future. To allow the companies impacted by this change some time to adjust, ASIC will refrain from taking enforcement actions until June of next year.

(Source: BlackRock)

On a global scale, BlackRock’s iShares protocol remains a frontrunner. In the previous quarter alone, it raised $205 billion in new funds, with $17 billion sourced from its digital asset ETFs.

To date this year, crypto-related inflows have reached $34 billion, elevating total assets under management (AUM) to nearly $104 billion.

Simultaneously, the iShares Bitcoin Trust, initiated less than two years ago, has emerged as BlackRock’s top-performing ETF, generating $245 million in yearly fees and outpacing some of its traditional funds.

I mentioned last week that $IBIT could achieve $100 billion this summer, but it might actually do so this month. Thanks to recent influxes and a nighttime rally, it’s already at $88 billion. At only 1.5 years old, it has become the 20th largest in the US and the 7th largest for BlackRock (and their top-performing ETF). Truly astonishing. pic.twitter.com/r5FLwKSE7j

— Eric Balchunas (@EricBalchunas) July 14, 2025

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