BlackRock To List Ethereum ETF On Brazil’s B3 Exchange

According to CoinDesk, BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil’s B3 exchange on Wednesday. The ETF will trade under the ticker code ETHA39 as a Brazilian depositary receipt (BDR), a certificate representing shares of foreign companies traded in Brazil. This move follows the launch of BlackRock’s iShares Bitcoin Trust ETF (IBIT) on the Brazilian stock exchange in March, indicating a growing market for institutional cryptocurrency products in the country. Nicolas Gomez, BlackRock's head of ETFs, index investments, and products for Latin America, stated that the launch of ETHA39 allows investors to access the two largest cryptocurrencies by market capitalization. The Brazilian Securities and Exchange Commission (CVM) has also recently approved two Solana-based ETFs to be listed on B3, further expanding the range of cryptocurrency investment options available in Brazil. In August, BlackRock's ETHA surpassed $1 billion in cumulative net inflows in the United States, becoming the first of 11 issuers to achieve this milestone. This highlights the growing interest and investment in Ethereum-based financial products.