1. Launching the Ether ETF via Depositary Receipts
2. Management Fees and Terms
3. Growing Interest in Crypto Assets in Brazil

BlackRock has launched an Ether ETF on the Brazilian B3 stock exchange. The new fund will be available through depositary receipts and will provide investors with access to crypto assets.

Launching the Ether ETF via Depositary Receipts

As of August 28, BlackRock's Ether ETF can be traded on Brazil's B3 stock exchange via depositary receipts under the ticker ETHA39. Depositary receipts are securities representing shares in a foreign company or fund, typically traded in the local currency and backed by the original asset.

Management Fees and Terms

BlackRock has set management fees for the fund at 0.25% per year, consistent with those in the U.S. However, for the first year of trading or until the ETF reaches $2.5 billion in assets under management, the fees will be halved to 0.12%.

Growing Interest in Crypto Assets in Brazil

BlackRock launched its Ether ETF just months after introducing the iShares Bitcoin Trust in Brazil, also through depositary receipts. According to BlackRock's director in Brazil, Cristiano Castro, the fund meets the growing demand for crypto assets. Brazil now has 15 ETFs or depositary receipts offering exposure to digital assets.

The launch of BlackRock's Ether ETF in Brazil indicates the growing interest and demand for crypto assets in the country. This move allows investors easier access to digital assets through traditional financial instruments.