America

Bitcoin ETF

BlackRock

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/blackrock-integrates-cryptocurrencies-into-traditional-finance/" data-wpel-link="internal">BlackRock Integrates Cryptocurrencies into Traditional Finance</a><br></p>
<p style="text-align: justify"><strong>BlackRock</strong> is taking significant steps to integrate cryptocurrencies into the traditional finance world. The company is preparing to trade the Ethereum ETF on Brazil’s B3 exchange, offering new opportunities to global <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a>. As Brazil stands out as a rapidly growing market, BlackRock’s move is seen as a significant milestone for investors in the region.</p> 
<h2 style="text-align: justify" id="blackrock-s-etf-to-start-trading">BlackRock’s ETF to Start Trading</h2> 
<p style="text-align: justify">BlackRock’s iShares Ethereum Trust (<strong>ETHA</strong>) ETF will start trading today on the B3 exchange under the code ETHA39. Investors in Brazil will be able to buy and sell ETHA as a Brazilian Depositary Receipt (BDR). BDRs are used as an instrument representing foreign securities traded on the Brazilian exchange.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-383739 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/ethereum-19-1.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">Nicolas Gomez, head of Latin America ETFs index investments and products, emphasized that the launch of ETHA39 provides access to two major cryptocurrencies with high market value, Ethereum and Bitcoin. The listing allows investors direct access not only to Bitcoin but also to Ethereum.</p> 
<h2 style="text-align: justify" id="company-s-bitcoin-etf-started-trading-in-march">Company’s Bitcoin ETF Started Trading in March</h2> 
<p style="text-align: justify">In March, the company’s iShares Bitcoin Trust ETF (<strong>IBIT</strong>) also started trading on the Brazilian exchange. As BlackRock increases its confidence in the Brazilian market, ETFs based on other cryptocurrencies like <a href="https://en.coin-turk.com/crypto-analyst-predicts-solanas-price-could-double-amid-market-upswing/" data-wpel-link="internal">Solana</a> are expected to be listed in Brazil following Ethereum. These ETFs, approved by the Brazilian Securities and Exchange Commission (CVM), aim to offer investors a diversified cryptocurrency portfolio.</p> 
<p style="text-align: justify">In August, the ETHA ETF reached over $1 billion in net inflows in the United States, garnering significant interest among global investors. Similar interest is expected among investors in Brazil. BlackRock’s move opens new opportunities for investors in the region and highlights Brazil’s growing importance for institutional investment products.</p> 
<p style="text-align: justify">BlackRock’s Ethereum ETF seems poised to start a new era on the <strong>Brazil</strong> exchange. Investors will have easier access to major cryptocurrencies like Bitcoin and Ethereum, while interest in cryptocurrencies continues to grow in the Brazilian market. This development is seen as a harbinger of significant transformation in Brazil’s financial landscape.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/blackrock-integrates-cryptocurrencies-into-traditional-finance/" data-wpel-link="internal">BlackRock Integrates Cryptocurrencies into Traditional Finance</a></h5>
<p>The post <a href="https://en.coin-turk.com/blackrock-integrates-cryptocurrencies-into-traditional-finance/" data-wpel-link="internal">BlackRock Integrates Cryptocurrencies into Traditional Finance</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

BlackRock Integrates Cryptocurrencies into Traditional Finance

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