BlackRock's New Ethereum Step! "Starting a New Era for ETH in This Country!"
BlackRock has launched an Ethereum ETF that will begin trading in Brazil.
BlackRock, the world's largest asset manager, has launched its Ethereum ETF, which will start trading in Brazil on Wednesday, August 28, 2024.
BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil’s B3 exchange. The ETF will be offered under the ticker ETHA39 and will trade in the form of Brazilian depositary receipts (BDRs), Coindesk reported.
The new ETF will provide Brazilian investors with exposure to Ethereum (ETH). The move follows BlackRock’s launch of a Bitcoin ETF in Brazil under the ticker IBIT39 in March 2024.
“With the launch of ETHA39, investors now have access to the two largest cryptocurrencies by market cap,” Nicolas Gomez, BlackRock’s head of ETFs in Latin America, said in a statement.
In March this year, BlackRock's iShares Bitcoin Trust ETF (IBIT) began trading on the Brazilian stock exchange.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Snake year zero fees: Buy crypto with local payment methods via Alchemy Pay!
New Fiat user exclusive: Enjoy 100% transaction fee rebates in BGB!
New Fiat user exclusive: Enjoy 100% transaction fee rebates in BGB!
Injecting 50,000 ETH, Ethereum Foundation Makes First DeFi Yield Farming Move
An allocation of 50,000 ETH will provide strong support for the Ethereum DeFi ecosystem, widely interpreted by the community as a positive signal with the potential to reshape community trust.
Trending news
MoreCrypto prices
More
