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BlackRock launches Ether ETF in Brazil

On Aug. 28, the company listed its Ethereum exchange-traded fund (ETF) through a depositary receipt on Brazil’s stock exchange B3. According to local reports, retail and institutional investors can trade the iShares Ethereum Trust (ETHA) under the ticker ETHA39 in the country.

A depositary receipt is a security representing shares in a foreign company or fund. It is typically traded in the local currency and backed by the original asset.

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