BlackRock Lists Ethereum ETF on Brazilian Stock Exchange

BlackRock will list its iShares Ethereum Trust (ETHA), on Brazil’s B3 exchange on Wednesday, according to local media outlet Portal do Bitcoin. The ETF will trade under the ticker code ETHA39 as a Brazilian depositary receipt (BDR), a certificate that represents shares of foreign companies traded in the South American country. In March, BlackRock's iShares Bitcoin Trust ETF (IBIT) also started trading on the Brazilian stock exchange, which has become a solid market for institutional products. In August, BlackRock's ETHA surpassed $1 billion in cumulative net inflows in the United States, becoming the first of 11 issuers to cross that mark in net inflows.

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