BlackRock offers its Bitcoin Spot ETF in Brazil

Karina Saade, President of BlackRock in Brazil, described the expansion as a "natural progression", underlining the company's commitment to providing high-quality access vehicles for digital assets. IBIT39 represents a significant milestone in BlackRock's efforts to establish itself in the digital asset market in Brazil.

BlackRock's IBIT currently ranks as the second-largest Bitcoin ETF, albeit the fastest-growing since its approval by the Securities and Exchange Commission (SEC) last January. It has reached $6.65 billion in assets under management, with net inflows of $985 million in a single day.

1. The availability of IBIT39's Bitcoin ETF on the Brazilian stock exchange offers qualified investors regulated access to Bitcoin. The launch reflects the growing interest in cryptocurrency investments in Brazil and marks an important step in BlackRock's strategy to expand its presence in the digital asset market globally.
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1. Sources:
2. https://cryptoast.fr/etf-bitcoinlibit-blackrock-debarque-bresil/, consulted on 03.03.24
3. https://news.bitcoin.com/fr/blackrock-lance-le-premier-etf-bitcoin-du-bresil/, consulted on 03.03.24
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