BlackRock has launched the first Bitcoin ETF in Chile, named iShares Bitcoin Trust (IBIT), now trading on the Santiago Stock Exchange. Managed by BCI Securities Brokerage, this ETF provides institutional access to cryptocurrency investments for Chilean investors, reflecting a growing interest in digital assets within the country. The introduction of this financial instrument aligns Chile with Brazil in offering similar investment products, showing the increasing demand for cryptocurrency assets among local investors. A survey conducted by GTD indicates that a majority of Chileans consider Bitcoin as the most significant cryptocurrency in the market. Global Bitcoin ETFs have experienced capital outflows, raising concerns about Bitcoin's price stability. BlackRock's iShares Bitcoin Trust is designed to offer a user-friendly and efficient digital investment solution, utilizing BlackRock's expertise in risk management. The ETF launch signifies BlackRock's tradition of innovation in financial markets, providing Chilean investors with a new asset to diversify their portfolios. Patricio Rojas, the General Manager of the Santiago Stock Exchange, views the inclusion of iShares Bitcoin Trust as a means to enhance product diversification and encourage dynamic investment activity on Chile's primary exchange. The debut of this Bitcoin ETF in Chile represents a step towards integrating cryptocurrencies into the conventional financial system, opening up new opportunities for investors and strengthening the digital asset market in the region.