{"id":27001,"date":"2024-03-01T10:20:18","date_gmt":"2024-03-01T10:20:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blackrock-set-to-launch-brazils-first-bitcoin-etf-ibit39-on-b3-exchange\/"},"modified":"2024-03-01T10:20:18","modified_gmt":"2024-03-01T10:20:18","slug":"blackrock-set-to-launch-brazils-first-bitcoin-etf-ibit39-on-b3-exchange","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blackrock-set-to-launch-brazils-first-bitcoin-etf-ibit39-on-b3-exchange\/","title":{"rendered":"BlackRock set to launch Brazil&#8217;s first Bitcoin ETF IBIT39 on B3 exchange"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/1709287566093-42c3afb5-95d9-4aef-a526-300368e7dfc5-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/1709287566093-42c3afb5-95d9-4aef-a526-300368e7dfc5-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/1709287566093-42c3afb5-95d9-4aef-a526-300368e7dfc5-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/1709287566093-42c3afb5-95d9-4aef-a526-300368e7dfc5-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>BlackRock to launch Brazil\u2019s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024.<\/li>\n<li>IBIT39 mirrors Bitcoin\u2019s performance and offers a 0.25% management fee, reduced to 0.12% first year.<\/li>\n<li>BlackRock aims to meet the rising demand for regulated crypto investments in Brazil.<\/li>\n<\/ul>\n<p>BlackRock, a global investment management firm, is poised to make a significant stride in Brazil\u2019s cryptocurrency market with the upcoming launch of the country\u2019s inaugural Bitcoin exchange-traded fund (ETF), IBIT39.<\/p>\n<p>Scheduled to debut on March 1, 2024, on Brazil\u2019s primary stock exchange, B3, the move marks a pivotal moment in the accessibility of digital assets for regional investors.<\/p>\n<h2>BlackRock\u2019s Bitcoin ETF in Brazil<\/h2>\n<p>The iShares Bitcoin Trust BDR (IBIT39) is BlackRock\u2019s 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 qualified and retail investors an opportunity to gain exposure to <a href=\"https:\/\/coinjournal.net\/bitcoin\/what-is-bitcoin\/\">Bitcoin<\/a> within a regulated framework.<\/p>\n<p>With Brazil\u2019s financial landscape witnessing a growing interest in digital assets, BlackRock\u2019s initiative underscores the importance of providing secure and transparent investment options to meet investor demand.<\/p>\n<h2>IBIT39 structured for market growth<\/h2>\n<p>IBIT39 mirrors <a href=\"https:\/\/coinjournal.net\/bitcoin\/\">the price performance of Bitcoin<\/a> and comes with a management fee initially set at 0.25%, with a reduction to 0.12% for the first year on the initial $5 billion in assets under management (AUM).<\/p>\n<p>This fee structure aims to attract investors while ensuring sustainability and profitability for the ETF.<\/p>\n<p>Additionally, IBIT39\u2019s introduction adds momentum to Brazil\u2019s burgeoning crypto ETF market, which saw its inception in 2021 and has since experienced substantial asset growth.<\/p>\n<p>As Felipe Gon\u00e7alves, B3\u2019s Interest and Currency Products Superintendent, notes, the market has expanded to encompass 13 ETFs with assets totalling R$2.5 billion, signalling a growing appetite for digital asset investment vehicles.<\/p>\n<p>BlackRock\u2019s entry into Brazil\u2019s Bitcoin ETF arena reflects its commitment to providing innovative investment solutions while catering to evolving investor preferences.<\/p>\n<p>Saade emphasized that while BlackRock\u2019s recent ventures into crypto-related products do not equate to an endorsement of Bitcoin itself, they acknowledge the rising interest among investors for this asset class.<\/p>\n<p>With IBIT39\u2019s impending launch, investors in Brazil are poised to gain access to a regulated and transparent vehicle for Bitcoin investment, further fueling the country\u2019s cryptocurrency market growth.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/blackrock-set-to-launch-brazils-first-bitcoin-etf-ibit39-on-b3-exchange\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) BlackRock to launch Brazil\u2019s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024. IBIT39 mirrors Bitcoin\u2019s 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. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":27002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27001"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=27001"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/27001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/27002"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=27001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=27001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=27001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}