ChainCatcher reported that according to local media Portal do Bitcoin, BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil's B3 Exchange on Wednesday.
The ETF will trade under the ticker ETHA39 in the form of Brazilian Depository Receipts (BDRs), which are certificates representing shares of foreign companies traded in the South American country.
“The launch of ETHA39 now allows investors to invest in the two largest cryptocurrencies by market capitalization,” said Nicolas Gomez, BlackRock’s head of ETFs, index investing and products for Latin America.
In March, 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.