BlackRock Launches Spot Bitcoin ETF in Brazil: IBIT39 Now Trading

Following its highly successful offering thus far in the United States, BlackRock has launched a Spot Bitcoin ETF in Brazil. Specifically, the asset manager has expanded trading on its iShares Bitcoin Trust ETF to the Brazilian market. BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund, which tracks the price of Bitcoin, are available to Brazilian investors.

BlackRock’s iShares spot Bitcoin (BTC) exchange-traded fund will be available in Brazil thanks to the launch of a new BTC BDR (Brazilian Depositary Receipts). This allows Brazilian investors to gain exposure to Bitcoin through a regulated and familiar investment vehicle on the B3, the Brazilian stock exchange.

BlackRock's iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds in the US, has now started trading on the Brazilian stock exchange B3. The fund, listed under the ticker IBIT39, provides Brazilian investors with a convenient and accessible way to invest in Bitcoin without directly holding the underlying cryptocurrency. BlackRock, the world’s largest asset manager, announced the iShares Bitcoin Trust ETF (IBIT39) launch in Brazil on Thursday. Starting today, Friday, March 1, shares of this index fund will be actively traded.