7M
...
BlackRock has announced the upcoming listing of its iShares Ethereum Trust (ETHA) on Brazil’s Stock Exchange (B3) this Wednesday. Local media outlet Portal do Bitcoin revealed that the ETF, coded as ETHA39, will be available as a Brazilian depositary receipt (BDR). This move signifies a major step in offering investors exposure to leading cryptocurrencies.
Nicolas Gomez, the head of ETFs, index investments, and products for Latin America at BlackRock, highlighted the significance of ETHA39. He stated that this launch will provide investors access to the two largest cryptocurrencies by market capitalization, marking a pivotal moment in crypto investment accessibility in South America.
Earlier this year, BlackRock’s iShares Bitcoin Trust ETF (IBIT) began trading on the Brazilian stock exchange, which has seen a surge in institutional crypto products. Following the success of Bitcoin and Ethereum ETFs, the Brazilian Securities and Exchange Commission (CVM) also approved the listing of two Solana-based ETFs, further diversifying the crypto offerings on B3.
