Blackrock Launches Spot Ethereum ETF on Brazil's B3 Exchange

  • BlackRock will debut its spot ETH ETF on Brazil’s B3 exchange on Wednesday.

  • The ETF will trade on B3 under the ticker ETHA39 as a Brazilian depositary receipt.

  • Brazil also recently approved two spot Solana ETFs for investors.

BlackRock, the world’s largest asset manager, is set to launch its spot Ethereum exchange-traded fund (ETF) on Brazil’s B3 exchange. The iShares Ethereum Trust (ETHA) will debut on Wednesday, offering investors exposure to the world’s second-largest cryptocurrency.

Reports indicate the spot Ethereum ETF will trade on B3 under the ticker ETHA39 as a Brazilian depositary receipt (BDR). A BDR is a certificate representing shares of foreign institutions traded in Brazil. Nicolas Gomez, BlackRock’s head of ETFs, index investments, and products in Latin America, commented:

“The launch of ETHA39 now allows investors to have access to the two largest cryptocurrencies by market capitalization.”

On the other hand, as per the data from SoSoValue, on August 27, US spot Ethereum ETFs experienced outflows of $3.45 million, with Grayscale’s ETHE losing $9.18 million. Fidelity’s FETH and Bitwise’s ETHW saw inflows of $3.88 million an…

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