BlackRock Lists ETH Spot ETF on Brazilian Stock Exchange
BlackRock will list its iShares Ethereum Trust (ETHA) on Brazil's B3 exchange
The ETF will trade under the ticker ETHA39 as a Brazilian depositary receipt (BDR), a type of certificate representing shares of foreign companies traded in the South American country.
In March, BlackRock's iShares Bitcoin Trust ETF (IBIT) also began trading on the Brazilian stock exchange, which has become a well-established market for institutional products. In addition to Bitcoin and Ethereum, Brazil's Securities and Exchange Commission (CVM) recently approved two Solana-based ETFs for listing on B3.
In August, BlackRock's ETHA surpassed $1 billion in cumulative net inflows in the United States, becoming the first of 11 issuers to do so.