BlackRock is set to list its iShares Ethereum Trust (ETHA) on Brazil’s B3 exchange this Wednesday.
The ETF will trade under the ticker ETHA39, as a Brazilian depositary receipt (BDR), allowing local investors access to Ethereum.
Nicolas Gomez, BlackRock’s head of ETFs for Latin America, emphasised that this launch enables Brazilian investors to trade the two largest cryptocurrencies, Bitcoin and Ethereum.
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Growing Market for Institutional Products
The Brazilian market has become increasingly attractive for institutional cryptocurrency products.
In March, BlackRock’s iShares Bitcoin Trust ETF (IBIT) also began trading on the B3 exchange, reinforcing the demand for crypto assets in the region.
The listing of ETHA39 on Brazil's B3 exchange marks another step in the global expansion of cryptocurrency-based financial products.
As Brazil continues to embrace crypto ETFs, the market’s appetite for diversified digital assets signals a broader acceptance of blockchain technology in traditional finance.
related reading：Brazil's Solana ETFs Take the Lead While U.S. Lags Behind
Solana-Based ETFs in Brazil
In addition to Bitcoin and Ethereum, Brazil’s Securities and Exchange Commission (CVM) recently approved two Solana-based ETFs.
The first Solana ETF, launched by QR Asset, gained approval in early August.
related reading：Brazil to launch first Solana ETF ahead of U.S.
A second Solana ETF, managed by Hashdex, is currently in a pre-operational phase. Hashdex, an established player in Brazil’s ETF market, manages over $962 million in assets and has previously launched products linked to Bitcoin and Ethereum.
related reading：Second Spot Solana ETF Approved in Brazil, Will SOL Surge Again?
BlackRock’s Success with ETHA
In August, BlackRock’s ETHA ETF in the U.S. surpassed $1 billion in cumulative net inflows, making it the first among 11 issuers to achieve this milestone.
The strong performance of ETHA reflects the growing interest in Ethereum among institutional investors.
related reading：BlackRock will launch a new layer 2 network to solidify its position in the crypto market
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