The post BlackRock Launches Spot Ethereum ETF In Brazil Amid Renewed Interest In Digital Assets appeared on BitcoinEthereumNews.com.

BlackRock has officially announced the launch of a spot Ethereum ETF in Brazil, which will be traded on the B3 stock exchange under the ticker ETHA39. This development underscores the growing global interest in cryptocurrencies, signaling that digital assets are becoming an increasingly important part of the financial landscape. The launch of BlackRock’s Ethereum ETF in Brazil is particularly noteworthy as it coincides with a resurgence in market activity. On August 28, the Ethereum spot ETF recorded a positive net inflow of $5.8447 million—the first net inflow after nine consecutive days of outflows. This turnaround suggests a renewed interest in Ethereum, particularly as institutional players begin to take notice. NEWS: Spot #Ethereum ETF saw its first positive net inflow of $5.8M yesterday after nine days of consecutive outflows. pic.twitter.com/DO6ttRpHxh — CoinGecko (@coingecko) August 29, 2024 In addition to BlackRock’s ETHA39, other Ethereum ETFs also saw significant movements. Grayscale’s Ethereum Trust (ETHE) experienced an outflow of $3.8112 million, indicating some investors are reallocating funds. #BlackRock has announced the launch of a spot #Ethereum ETF in Brazil 🇧🇷, which will be traded on the B3 stock exchange under the ticker ETHA39. This event highlights the growing interest in cryptocurrencies and signals to other countries that digital assets are becoming an… pic.twitter.com/faucWifI5H — Patex (@patex_ecosystem) August 29, 2024 Meanwhile, BlackRock’s ETHA saw an inflow of $8.3967 million, and Fidelity’s FETH attracted $1.2592 million in new investments, further highlighting the growing demand for Ethereum-based products. Ethereum spot ETF had a total net inflow of $5.8447 million on August 28, the first net inflow after net outflows in the past 9 days. Grayscale ETF ETHE had an outflow of $3.8112 million, BlackRock ETF ETHA had an inflow of $8.3967 million, and Fidelity ETF FETH had an inflow of… — Wu Blockchain (@WuBlockchain) August 29, 2024…

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Filed under: News - @ August 30, 2024 1:25 pm