BlackRock iShares Bitcoin Trust (IBIT) is available on CFS Edge.
CFS Group Executive Distribution Bryce Quirk said CFS Edge continues to expand its investment menu to meet the growing demands of financial advisers and their clients.
“Advisers continue to share feedback that their clients have varying investment needs. They have asked us to expand the breadth of asset classes they can access via Edge,” Mr Quirk said.
“We are pleased to build on our existing relationship with BlackRock by offering their iShares Bitcoin Trust to advised Australians with an appetite for these types of assets,” he said.
“This is one of many planned inclusions to broaden investment options for advisers and their clients.”
Given the volatility associated with this asset type, the BlackRock iShares Bitcoin Trust is only available on CFS Edge for investors who have a financial adviser.
Bitcoin is the world’s largest cryptocurrency since launching 15 years ago, with a market cap of over USD $1.3 trillion.
The BlackRock iShares Bitcoin Trust (IBIT) is an exchange-traded fund that seeks to reflect generally the performance of the price of bitcoin and trades on the NASDAQ. It enables investors to access bitcoin within a traditional brokerage account, without having to buy, store, or manage it directly.
This announcement reflects a further expansion of the CFS Edge investment menu, which also includes access to international equities across 15 stock exchanges, including the New York Stock Exchange and the NASDAQ, as well as 10 currencies including US dollars, Euros and Pounds Sterling.
It comes after the launch of the Accelerate Series, which combines reduced investment fees with discounted administration fees to deliver a highly competitive Separately Managed Account (SMA) solution.
There are now over 100 managed accounts and more than 50 tailored accounts on the platform from leading investment managers including BlackRock, Fidelity, Infinity Asset Management, Lonsec, Morningstar, and Russell Investments.
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Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.
Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at https://www.cfs.com.au/tmd which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at www.cfs.com.au or by calling us on 13 13 36.