BlackRock, the world’s leading asset manager, is set to launch its first Brazilian Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust BDR (IBIT39), on B3, Brazil’s major stock exchange tomorrow, as reported by Brazilian financial news site InfoMoney. This move introduces investors to an easy way to gain exposure to Bitcoin through a regulated, straightforward process.

Karina Saade, president of BlackRock in Brazil, shared her enthusiasm for the launch. She sees IBIT39 as a crucial step in their quest to provide top-notch digital asset investment options.

“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,” Saade explained.

This launch is happening at a time when Brazil’s interest in crypto investments is skyrocketing. According to Felipe Gonçalves from B3, the crypto market in Brazil is young but booming, with R$2.5 billion in assets and daily transactions h

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Author: Vivian Nguyen

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