BlackRock set to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange
BlackRock to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024. IBIT39 mirrors Bitcoin’s performance and offers a 0.25% management fee, reduced to 0.12% first year. BlackRock aims to meet the rising demand for regulated crypto investments in Brazil. BlackRock, a global investment management firm, is poised to make a significant stride in Brazil ’s cryptocurrency market with the upcoming launch of the country’s inaugural Bitcoin exchange -traded fund (ETF), IBIT39. Scheduled to debut on March 1, 2024, on Brazil ’s primary stock exchange , B3, the move marks a pivotal moment in the accessibility of digital assets for regional investors. BlackRock’s Bitcoin ETF in Brazil The iShares Bitcoin Trust BDR (IBIT39) is BlackRock’s response to the increasing demand for regulated avenues to invest in cryptocurrencies. Headed by Karina Saade, BlackRock Brazil Country Manager, the ETF is designed to offer ...