🚀 BlackRock's Crypto Expansion: Ethereum ETF Lands in Brazil! đŸ‡§đŸ‡·

Hold onto your hats, crypto enthusiasts! BlackRock is taking its crypto game global, launching the iShares Ethereum Trust (ETHA) on Brazil's B3 stock exchange. Retail and institutional investors can now trade ETHA under the ticker ETHA39.

- **What’s a depositary receipt?** It’s a security representing shares in a foreign company, traded locally and backed by the original asset.

- **Pricing:** Shares are priced at one-third of their original value.

- **Fees:** Management fees start at 0.25% but are halved to 0.12% for the first year or until the ETF hits $2.5B in assets.

BlackRock's move follows the success of its iShares Bitcoin Trust in Brazil, meeting the country's growing demand for crypto assets. With 15 ETFs or depositary receipts now available, Brazil is a hotbed for crypto trading, boasting a $6B volume in early 2024.

💬 What do you think about BlackRock's crypto expansion? Share your thoughts below!