--- title: "BlackRock’s Bitcoin ETF to debut in Brazil tomorrow" url: https://diffcoin.com/blackrocks-bitcoin-etf-to-debut-in-brazil-tomorrow/ description: "BlackRock's Bitcoin ETF will debut in Brazil tomorrow, offering investors an easier way to gain exposure to crypto." published: 2024-03-01 updated: 2024-03-01 author: "Mila" site: "Diffcoin" --- # BlackRock’s Bitcoin ETF to debut in Brazil tomorrow Share this article BlackRock, the world’s leading asset manager, is set to launch its first Brazilian Bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust BDR (IBIT39), on B3, Brazil’s major stock exchange tomorrow, as reported by Brazilian financial news site InfoMoney. This move introduces investors to an easy way to gain exposure to Bitcoin through a regulated, straightforward process. Karina Saade, president of BlackRock in Brazil, shared her enthusiasm for the launch. She sees IBIT39 as a crucial step in their quest to provide top-notch digital asset investment options. > “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market,” Saade explained. This launch is happening at a time when Brazil’s interest in crypto investments is skyrocketing. According to Felipe Gonçalves from B3, the crypto market in Brazil is young but booming, with R$2.5 billion in assets and daily transactions hitting R$30 million at the end of last year. > “It started with strong volumes, fluctuated a little in two years and, at the end of last year, it reached R$30 million reais per day,” Gonçalves noted. IBIT39 isn’t just a big deal for BlackRock; it’s a huge win for both big-time and everyday investors in Brazil. The offering is designed to be accessible to keep investment costs low. Initially, the management fee is set at 0.25%, but this will drop to 0.12% after the fund hits its first $5 billion in assets. IBIT39 will be available to pro-investors at the beginning, but BlackRock plans to open it to regular investors within the next few weeks. The ETF is based on Brazilian Depositary Receipts (BDRs), like shares of foreign companies that Brazilians can buy and sell. While the tax rules for BDRs are similar to those for regular stocks, there’s one key difference: no tax exemption for sales under R$20,000 a month, unlike with Brazilian shares, according to InfoMoney. Share this article The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information. You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities. See full terms and conditions. [Source link](https://cryptobriefing.com/blackrock-bitcoin-etf-debut-brazil/)