Bitcoin ETF

Spot

BlackRock

<ul> 
 <li>Leading investment asset management firm BlackRock is targeting Brazil as the next country to launch its flagship BTC fund, IBIT.</li> 
 <li>The expansion is a clear indication of the tangible results of BlackRock’s foray into the spot Bitcoin ETF market, and IBIT’s assets under management (AUM) are approaching the $10 billion milestone.</li> 
 <li>On February 27, the spot Bitcoin ETF market saw a strong entry of $577 million, with $520 million attributed to BlackRock’s iShares Bitcoin ETF alone.</li> 
</ul> 
<p><strong>The world’s largest asset manager, BlackRock, is moving to launch its spot Bitcoin ETF, IBIT, in Brazil.</strong></p> 
<h2 id="strong-blackrock-plans-to-launch-ibit-in-brazil-strong"><strong>BlackRock Plans to Launch IBIT in Brazil</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-133959" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="BlackRock" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?w=1920&amp;quality=70&amp;ssl=1 1920w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1536%2C864&amp;quality=70&amp;ssl=1 1536w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/BlackRock-1-1.webp?w=1392&amp;quality=70&amp;ssl=1 1392w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>BlackRock, a leading investment asset management firm, is currently targeting Brazil as the next country to launch its flagship BTC fund, IBIT. Less than two months after receiving approval from the U.S. Securities and Exchange Commission (SEC) and launching its spot Bitcoin ETF, BlackRock is expanding its offering to Brazil.</p> 
<p>BlackRock plans to achieve this success by collaborating with the country’s stock exchange operator, B3. Importantly, this asset manager’s cryptocurrency ETF will be the first in the South American country. The expansion is a clear indication of the tangible results of BlackRock’s foray into the spot Bitcoin ETF market, and IBIT’s assets under management (AUM) are approaching the $10 billion milestone.</p> 
<p>Karina Saade, BlackRock’s president in Brazil, confirmed the move. Saade said, “Our digital asset journey, underpinned by the goal of providing investors with high-quality access tools over numerous years, has relied on our fundamental capabilities in the digital asset market. IBIT39 is a natural progression of our efforts over the years and adds to the fundamental capabilities we have built in the digital asset market so far.”</p> 
<h2 id="strong-blackrock-records-a-significant-entry-strong"><strong>BlackRock Records a Significant Entry</strong></h2> 
<p>On February 27, the spot Bitcoin ETF market saw a strong entry of $577 million, with $520 million attributed to BlackRock’s iShares Bitcoin ETF alone. Similarly, IBIT set a new personal record with a trading volume of $1.3 billion, surpassing the daily trading volume of most major U.S. stocks.</p> 
<p>Spot Bitcoin ETF trading in Brazil will begin on Friday, but it will only be available to eligible investors, those with investments exceeding 1 million R$. According to the company’s note, the offering will be made available to retail investors a few weeks later. The Bitcoin ETF will be traded under the code IBT39 and listed on the Brazil Stock Exchange – B3.</p> 
<p>Similar to BlackRock’s spot Bitcoin ETF in the U.S., the Brazilian ETF will also track the performance of Bitcoin. Additionally, it will have a 0.25% management fee with a one-year waiver, reducing the fee to 0.12% for the first $5 billion in assets under management. Since the asset will be issued in Brazil and backed by overseas stocks, BlackRock’s product is defined as Brazil Depositary Receipts (BDRs). These BDRs represent shares issued by companies in other countries but traded in Brazil.</p> 
<div class="code-block-grte code-block-grte-2" style="margin: 8px 8px 8px 0; float: left;"> 
 <table style="width: 100%; border-collapse: collapse;"> 
  <tbody> 
   <tr> 
    <td style="width: 100%; text-align: left; background-color: #f2f2f2; padding: 10px;"> <a href="https://t.me/coinotagpro_bot/" target="_blank" rel="noopener"> <strong> <span style="color: #000000;">CLICK TO HERE TO JOIN</span> <span style="color: #e67e22;">OINOTAG PRO + COPY TRADE BASED ON NEWS TRADING</span> </strong> </a> </td> 
   </tr> 
  </tbody> 
 </table> 
</div>  
<p>The post <a rel="nofollow" href="https://en.coinotag.com/blackrock-prepares-to-launch-spot-bitcoin-etf-in-brazil/">BlackRock Prepares to Launch Spot Bitcoin ETF in Brazil</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

BlackRock Prepares to Launch Spot Bitcoin ETF in Brazil

목차

COINOTAG NEWS

2024년 3월 1일에 게재된 다른 기사

US Government Holds Vast Crypto Wealth from Crime Crackdowns

Bitcoin ETFs Inflows Surge As IBIT Joins $10 Billion Club

Crypto Price Prediction As GameFi Tokens Go Ballistic: Tech Savvy Investors Eye SAND, MANA, GALA

Over 97% of Bitcoin holders see profits, IntoTheBlock shows

These M2E Tokens Next to Explode, According Analysts

Ordiswap V2 Launches on Bitcoin Native Layer

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!