BlackRock iShares Ethereum ETF to be listed on Brazil’s B3 exchange on Wednesday

BlockBeats news, August 28, according to local media Portal do Bitcoin, BlackRock will list its iShares Ethereum Trust (ETHA) on the Brazilian B3 exchange on Wednesday.

The ETF will be traded in the form of Brazilian depositary receipts (BDRs) with the stock code ETHA39. BDRs are certificates representing stocks of foreign companies traded in South American countries.

Nicolas Gomez, head of ETFs, index investments and products at BlackRock Latin America, said: "The launch of ETHA39 now allows investors to invest in the two largest cryptocurrencies by market capitalization."

In March of this year, BlackRock's iShares Bitcoin Trust ETF (IBIT) also began trading on the Brazilian Stock Exchange, which has become a solid market for institutional products. In addition to Bitcoin and Ethereum, the Brazilian Securities and Exchange Commission (CVM) recently approved two Solana-based ETFs to be listed on B3.