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BlackRock Unveils Ethereum ETF for Brazilian Market

29.08.2024 8:30 1 min. read Alexander Stefanov
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BlackRock Unveils Ethereum ETF for Brazilian Market

BlackRock, the leading global asset manager, is set to introduce its Ethereum ETF in Brazil starting August 28, 2024.

The iShares Ethereum Trust (ETHA) will debut on Brazil’s B3 exchange, trading under the ticker ETHA39 as Brazilian depositary receipts (BDRs), according to Coindesk.

This new ETF aims to offer Brazilian investors access to Ethereum (ETH), complementing BlackRock’s earlier launch of a Bitcoin ETF in Brazil, which trades under the ticker IBIT39.

Nicolas Gomez, BlackRock’s head of ETFs in Latin America, noted that with ETHA39, investors can now engage with both major cryptocurrencies by market cap.

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BlackRock’s iShares Bitcoin Trust ETF (IBIT) started trading on the Brazilian stock exchange in March of this year.

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With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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