-
The
ether
ETF
will
trade
under
the
ticker
code
ETHA39
as
a
Brazilian
depositary
receipt,
a
certificate
that
represents
shares
of
foreign
companies. -
In
March,
BlackRock’s
iShares
Bitcoin
Trust
ETF
(IBIT)
started
trading
on
the
Brazilian
stock
exchange.
BlackRock
will
list
its
iShares
Ethereum
Trust
(ETHA),
on
Brazil’s
B3
exchange
on
Wednesday,
according
to
local
media
outlet
Portal
do
Bitcoin.
The
ETF
will
trade
under
the
ticker
code
ETHA39
as
a
Brazilian
depositary
receipt
(BDR),
a
certificate
that
represents
shares
of
foreign
companies
traded
in
the
South
American
country.
“The
launch
of
ETHA39
now
allows
investors
to
have
access
to
the
two
largest
cryptocurrencies
by
market
capitalization,”
said
Nicolas
Gomez,
BlackRock’s
head
of
ETFs,
index
investments,
and
products
for
Latin
America.
In
March,
BlackRock’s
iShares
Bitcoin
Trust
ETF
(IBIT)
also
started
trading
on
the
Brazilian
stock
exchange,
which
has
become
a
solid
market
for
institutional
products.
Beyond
Bitcoin
and
Ethereum,
the
Brazilian
Securities
and
Exchange
Commission
(CVM)
also
recently
approved
two
Solana-based
ETFs
to
be
listed
on
B3.
In
August,
BlackRock’s
ETHA
surpassed
$1
billion
in
cumulative
net
inflows
in
the
United
States,
becoming
the
first
of
11
issuers
to
cross
that
mark
in
net
inflows.