BlackRock, the world’s largest asset manager, has officially launched its Ethereum ETF, ETHA39, on Brazil’s B3 stock exchange. This new offering allows investors to gain exposure to Ethereum through traditional financial channels, with each unit representing one-third of the iShares Ethereum Trust share value.
Priced to trade between R$40 and R$50, the ETF carries a 0.25% management fee, which will be waived for the first year, effectively reducing it to 0.12% on the first $2.5 billion of assets under management (AUM).
This move follows the earlier success of BlackRock’s Bitcoin ETF BDR, IBIT39, and signals growing interest in cryptocurrency-based financial products. Nicolas Gomez, Head of ETFs at BlackRock, emphasized the robust demand for such products in Brazil.
At the same time, Cristiano Castro, a director at BlackRock in Brazil, pointed out that ETHA39 offers a simplified way for local investors to access digital assets and blockchain technology applications.
BlackRock’s Crypto Spot ETF PerformanceÂ
Globally, BlackRock’s Ethereum spot ETF has shown mixed performance, with zero inflows at the end of Friday’s trading for the second consecutive day. Despite this, the Ethereum ETF has attracted over $1.012 billion in inflows since its launch, demonstrating substantial initial interest.
In contrast, BlackRock’s Bitcoin spot ETF has faced more server challenges in recent days. It also recorded zero inflows on Friday and experienced a $13.5 million outflow on Thursday. These underwhelming performances follow consecutive days of no inflows on Tuesday and Wednesday.
DigiHorse (DIGI) Emerges as a New Investment Darling
While BlackRock’s ETFs’ performance underwhelms, investors are increasingly turning their attention to DigiHorse (DIGI), a blockchain-based gaming platform that recently completed its second phase presale.
The ongoing DigiHorse (DIGI) presale has raised an impressive $404,763 in funding in less than a month, underscoring the strong interest in this innovative project.
DigiHorse offers a unique play-to-earn ecosystem that integrates gaming with blockchain technology. It allows users to breed, train, and race NFT horses.
With a comprehensive platform that includes banking, stables, racecourses, and training facilities, DigiHorse (DIGI is designed to provide a sustainable and engaging experience for players and investors.
The presale success and robust ecosystem have led analysts to predict significant future gains for DIGI. With an anticipated listing price of $0.075, early investors could see returns exceeding 2,150%. Furthermore, some analysts forecast that DIGI could reach $1 by 2025, offering a potential ROI of 21,796%.
As traditional financial products like BlackRock’s ETFs grapple with market dynamics, DigiHorse (DIGI) represents a fresh opportunity for investors seeking high growth and engagement in the rapidly evolving crypto landscape.
With its unique combination of entertainment and investment potential, DigiHorse is poised to become a standout player in the digital asset space. For more details and to participate in the presale, please visit the official links:
Website: www.digihorseempires.io
Socials: https://linktr.ee/digihorseempires
This article is not intended as financial advice. Educational purposes only.
