Immutable

BlackRock

<p><strong><em>BlackRock’s entry into the crypto market will create more opportunities and is expected to revolutionize the market by launching its Bitcoin spot ETF in Brazil.</em>&nbsp;</strong></p>
<p>The regulatory clearance for BTC ETFs places immense political and financial pressures on ETFs. The Securities and Exchange Commission of the United States has approved the ETF after rejecting 11 applications from different companies.&nbsp;</p>
<p>BlackRock, a prominent asset manager, is claimed to be the primary firm that backed the approval of the over-the-spot ETF. There are claims that the SEC and company officials met officially dozens of times, but several meetings were held outside of media coverage.</p>
<p>Following the approval of the spot ETF, a massive inflow of funds was seen in the Bitcoin ecosystem. BlackRock unveiled its plan to launch the BTC spot ETF in Brazil.&nbsp;</p>
<p>Dozens of nations have already bent their rules and regulations to operate cryptocurrencies. El Salvador was the first nation to legalize Bitcoin by introducing the Bitcoin Law.</p>
<p>The launch is scheduled for March 01, 2024, aiming to launch an ETF in the Brazilian market to boost the adoption and usage of <a href="https://www.thecoinrepublic.com/2024/02/28/south-africa-planning-to-ease-rules-for-digital-assets/" target="_blank" rel="noopener noreferrer nofollow">digital assets</a> in the region. BlackRock will launch its ETF in collaboration with the Brazilian stock Exchange.</p>
<p>Karina Saade, BlackRock’s country manager, said, “Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” she added “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”</p>
<p>Karina also notes, “We believe in the potential of technology and that today it is possible for all investors, individuals, to build a portfolio solely with ETFs.”&nbsp;</p>
<h2 class="wp-block-heading" id="strong-other-news-strong"><strong>Other News</strong></h2>
<p>Robinhood’s European arm has listed Dogwifhat, a growing memecoin, which surged over 400% in the past 365% days.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-crypto-market-post-etf-approval-strong"><strong>Crypto Market Post ETF Approval</strong></h3>
<p>Following the approval of spot ETF, a massive inflow of Billions of dollars of funds is seen in the Bitcoin ecosystem. BlackRock unveiled its plan to launch the BTC spot ETF in Brazil.&nbsp;</p>
<p>The intraday trading volume of BTC spot ETF is $5.38 Billion, and the market capitalization is $51.18 Billion. Regarding price, BRRR offers the spot ETF at the lowest price, and Franklin BTC ETF charges the lowest fee for buying and selling the ETF.&nbsp;</p>
<p>A major positivity in the cryptocurrency market capitalization, when writing, the market cap was $2.32 Trillion.</p>
<h4 class="wp-block-heading"><strong>Intraday Gainers &amp; Losers</strong></h4>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="405" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28.png" alt="BlackRock" class="wp-image-195144" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-300x76.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-1024x259.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-768x194.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-1536x389.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-750x190.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-28-1140x289.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (Intraday Gainers List)&nbsp;
  </figcaption>
 </figure>
</div>
<p>Axelar topped the list of intraday gainers as its prices grew 33.68%, Pepe (PEPE) 27.22%, Dogwifhat (WIF) 25.53%, SingularityNET (AGIX) 23.71% and Fetch.ai (FET) 17.98%.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="406" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29.png" alt="BlackRock" class="wp-image-195145" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-300x76.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-1024x260.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-768x195.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-1536x390.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-750x190.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-29-1140x289.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: CoinMarketCap (24-hours Loser List)
  </figcaption>
 </figure>
</div>
<p>In the past 24 hours the trading price of LidoDAO(LDO) slips 6.26%, Sei (SEI) 6.15%, Immutable (IMX) .96%, WOO(WOO) 5.31%, THORChain(RUNE) 5.25% and Celestia(TIA) 4.76%.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

BlackRock Set to Launch BTC Spot ETF in Brazil With B3- Report

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