IG Securities Launches CFD Trading for BlackRock Bitcoin and Ethereum ETFs

IG Securities introduces CFD trading for BlackRock’s IBIT and ETHA, expanding crypto access ahead of Japan's anticipated Bitcoin ETF launch in 2027.

BTC

ETH

189d ago

Summary

On September 30, 2024, IG Securities began offering CFD trading for BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) under its 'Variety (VIX etc.)' account, providing 24-hour market access. This move comes as spot Bitcoin ETFs are not expected in Japan until 2027, positioning IG ahead of competitors in the market for crypto-focused financial products.

Terms & Concepts

CFD (Contract for Difference): A financial derivative allowing traders to speculate on asset price movements without owning the underlying asset.
Bitcoin ETF: An exchange-traded fund that tracks the price of Bitcoin, enabling investors to gain exposure without holding the cryptocurrency directly.
Ethereum ETF: An exchange-traded fund designed to track the price of Ethereum, offering indirect investment exposure to the asset.