Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»BlackRock Launches Bitcoin ETF in Brazil
ADOPTION NEWS

BlackRock Launches Bitcoin ETF in Brazil

By Crypto FlexsMarch 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
BlackRock Launches Bitcoin ETF in Brazil
Share
Facebook Twitter LinkedIn Pinterest Email

BlackRock is introducing the iShares Bitcoin Trust ETF in Brazil, marking a significant foray into cryptocurrencies for existing investors.

BlackRock, the world’s largest asset manager, will introduce the iShares Bitcoin Trust ETF to Brazilian investors in a groundbreaking move to further integrate cryptocurrencies into the traditional financial system. The same ETF that was launched in the United States in January will also be launched in Brazil through a partnership with B3, a major Brazilian stock exchange operator.

The ETF, which trades under the ticker IBT39 on B3, is BlackRock’s first cryptocurrency-based fund in Brazil and will be available for trading from April 1. It is designed to track the performance of Bitcoin and is accessible to both qualified and individual investors, the company announced on Portal do Bitcoin.

The ETF comes with a 0.25% management fee and a promotional discount of 0.12% for one year on the first $5 billion of assets under management (AUM). BlackRock’s Brazil ETF consists of Brazilian Depositary Receipts (BDRs), which are certificates representing stocks issued by companies outside Brazil but traded on Brazilian markets.

Despite being taxed similarly to shares, BDRs do not enjoy tax exemptions such as those available for sale of shares for less than R$ 20,000 per month on the stock exchange. The launch comes at a time when Bitcoin is up 43% in February, its highest monthly gain in four years.

Karina Saade, head of BlackRock’s Brazil office, emphasized the company’s commitment to providing investors with high-quality digital asset vehicles. The iShares Bitcoin Trust ETF (IBT39) represents a natural progression of BlackRock’s years of efforts in the digital asset markets and builds on the fundamental capabilities established to date.

Felipe Gonçalves, Head of Interest Rates and Currency Products at B3, highlighted the increasing interest in cryptocurrency markets from investors around the world and the growing demand for such options in Brazilian capital markets. B3 is committed to providing products that meet these needs while ensuring the security of exchange operations, Gonçalves concluded.

This strategic move by BlackRock and B3 marks a notable step toward integrating digital assets into Brazil’s mainstream investment portfolios and represents a growing trend of traditional financial institutions embracing cryptocurrencies.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025
Add A Comment

Comments are closed.

Recent Posts

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Eigenlayer starts the redistribution function in testnets

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025
Most Popular

Four reasons for the price of Solana (SOL) to $ 180

March 7, 2025

How to dominate cryptocurrency casino games? Expert Tips for CryptoGames Players

December 26, 2024

TRUMP memecoin helps SOL price surpass Ethereum — Solana’s TVL jumps to $12 billion.

January 20, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.