TechFlow reports, according to Brazilian financial market news platform InfoMoney, BlackRock announced that the Brazilian Depositary Receipts (BDR) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on the B3 stock exchange in Brazil this Friday local time.
IBIT39 will initially be available to qualified investors, with retail investors expected to gain access within the coming "weeks."
The management fee for IBIT39 is set at 0.25%, which can be waived for one year and will drop to 0.12% once assets under management reach $5 billion.
Previous report, BlackRock will launch Brazil's first spot Bitcoin ETF BDR.
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