Blackrock puts Ethereum-ETF onto the market on the Brazilian stock exchange B3

Blackrock puts Ethereum-ETF onto the market on the Brazilian stock exchange B3

Blackrock puts Ethereum ETF onto the market
  • Blackrock introduces Ethereum ETF (Etha39) in Brazil via BDR on the B3 exchange.
  • The initial trading price is between 40 and 50 R $, with the fees halved for the first year to 0.12 %.
  • There are now 15 crypto ETFs in Brazil.

Blackrock has expanded its cryptocurrency product portfolio in Brazil by introducing the Ishares Ethereum Trust (Etha) via a stock receipt (BDR) on the B3 exchange.

This is followed by the successful introduction of Bitcoin ETF (IBIT39) from Blackrock in the country and is another important step to make crypto assets more accessible to Brazilian investors.

The initial trading price should be between 40 and 50 R $.

The Ishares Ethereum Trust, which is traded under the Tickecker symbol ETHA39, is aimed at both private and institutional investors.

The initial trading price of the ETF is expected to be between 40 and $ 50 R $ and thus corresponds to about a third of the value of the original asset, which is based on the BDR.

The administrative fee for the ETF is 0.25 % per year and thus corresponds to the fee structure in the USA. In the first year of trading or until the ETF reaches $ 2.5 billion in managed assets (AUM), the fee is halved to 0.12 %, which makes it even more attractive for investors.

Demand for crypto -related products in Brazil

Cristiano Castro, director of Blackrock in Brazil, emphasized that the introduction was a reaction to the growing demand for crypto -related products in the country. He emphasized the success of the Ishares Bitcoin Trust as evidence of this demand and found that it became the fastest growing ETF of history within three months.

According to Castro, Blackrock's strategy is to meet this demand by facilitating access to digital products within the capital market.

Before the Ishares Ethereum Trust was launched by Blackrock in Brazil, it was launched in the United States in June 2024 and quickly developed into the most liquid cryptocurrency fund, with 80 % of its trade volume from private investors.

The Brazilian market, which has experienced considerable growth in crypto trade, now offers 15 ETFs or BDRs that are bound to digital assets. Despite the existence of multi-asset funds in Brazil, the reputation and established corporate management of Blackrock will attract investors to ETHA39.

This introduction underlines Brazil's position as a key market for crypto investments, since almost 180,000 investors keep crypto products worth around 5.5 billion R $.

Since the demand for digital assets continues to increase, the Ethereum ETF from Blackrock in the developing landscape of the Brazilian financial market should play a crucial role.

Source: Coinlist.me

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