Quote from: jesse628wallick on Today at 04:46:30 AM

Quote from: zasad@ on March 01, 2024, 10:34:28 AM

https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow
"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report." maxim web time clock

“Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “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.”

BlackRock’s spot Bitcoin ETF, known as the iShares Bitcoin Trust ETF (IBIT), has indeed started trading in Brazil. This marks a significant expansion for BlackRock, as it brings a major cryptocurrency investment vehicle to the Brazilian market. The ETF, which tracks the spot price of Bitcoin, is available on B3, Brazil’s stock exchange.

The launch of IBIT39 in Brazil is part of BlackRock’s broader strategy to provide investors with high-quality access to digital assets. It reflects the growing interest in cryptocurrency investments and the company’s commitment to the digital asset market. For investors in Brazil, this offers a new opportunity to gain exposure to Bitcoin through a regulated financial product.

I would rephrase this differently. BlackRock wants to shave hamsters in Brazil.
Cryptocurrency users understand that cryptocurrency prices can fall by 100-1000% or more in a year, but many inexperienced traders can still fall into this trap and lose money.