Big news for Brazilian investors! 🎉🇧🇷 #BlackRock⁩ 's iShares #Ethereum Trust (ETHA) is now available on Brazil's B3 exchange under the ticker code ETHA39. 🌞😎

This means that Brazilian investors can now gain exposure to $ETH without directly owning the cryptocurrency itself. 🤷

Key points: 💻👀👇

(1) BDR structure: ETHA will trade as a Brazilian Depositary Receipt (BDR), a type of security that represents shares of a foreign company.🌹

(2) Following Bitcoin's success: BlackRock's #Bitcoin ETF, IBIT, has already been trading successfully on B3. 💦

(3) Growing crypto market: Brazil 🇧🇷 is becoming a popular market for institutional crypto products.🚀

(4) Strong investor interest: ETHA has seen significant inflows in the US, indicating strong demand for Ethereum-based investments. 💪

This is a major step forward for the crypto market in Brazil and could further drive adoption of digital assets in the region. DYOR! #ETH #Altcoins

Source: CoinDesk