BlackRock launches iShares Bitcoin Trust ETF BDR in Brazil

According to Portaldobitcoin news, the world's largest asset management company BlackRock announced on Thursday (29th) that it will cooperate with B3, the operator of Brazil's stock exchange, to launch iShares Bitcoin Trust ETF BDR in Brazil. Similar to ETFs launched in the United States, this is Brazil's first cryptocurrency ETF. As it is issued in Brazil and backed by overseas stocks, BlackRock's product is defined as Brazilian Depositary Receipts (BDR), known as ETF BDR.