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.

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