PANews reported on August 28 that BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil's B3 Exchange on Wednesday, according to CoinDesk, citing local media Portal do Bitcoin. 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 for Latin America at BlackRock, said: "The launch of ETHA39 now allows investors to invest in the two largest cryptocurrencies by market capitalization." Earlier in March 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.
