BlackRock’s 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 code ETHA39. BDRs are certificates representing foreign company stocks traded in South American countries.

"The launch of ETHA39 now allows investors to invest in the two cryptocurrencies with the largest market capitalization," said Nicolas Gomez, BlackRock's head of Latin American ETFs, index investments and products.

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