BlackRock's spot Bitcoin ETF will be listed in Brazil!

blckhawk

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Quote from: Eternad on March 15, 2024, 05:41:22 AM

Quote from: blckhawk on March 15, 2024, 05:34:34 AM

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Nah, Brazil is known for a country on South America that has a huge number of cryptocurrency investors. There’s a tons of potential investors in there that want to ride on Bitcoin hype without the need to understand the tech behind Bitcoin such as holding it on their wallet.

ETF is not something that scam exchange offer but rather it’s highly regulated compared to CEX on crypto. Holding IBIT shares is much better than buying on CEX and hold it on their exchange wallet since that’s what newbie on crypto typically done. Besides not all investors that buy Bitcoin wants to hold real Bitcoin. Most of them is just investing due to the price growth potential which is similar whether you hold real Bitcoin or an ETF. Most important now is their buying power on ETF is now being reflected on the real price of Bitcoin.

What you've just said is what I've already albeit in different words so what's new? Also what got you worked up over ETF that you're praising it like it's the stuff that God has created? I'm just asking if I'm correct about my understanding of ETFs. Do you have like a data on the number of investors to prove that it's large? I don't think that people are going to be investing in bitcoin ETF if the price isn't matching with bitcoin right? It's logical that people will buy when they know that the value is there.

Lucius

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Quote from: electronicash on March 14, 2024, 02:19:00 PM

why would the Brazilian traders be trading the Blackrock's ETF when they know its not even a real BTC.
~snip~

Why have clients in the US bought over 450 000 BTC so far using ETFs (spot), and more than half of that has been invested through BlackRock? It's a matter of reputation and trust that such companies have, and people who invest in that way want to do it in a quick and simple way without CEX, DEX, private keys, wallets, addresses - and they don't care about anything else but profit.

Given that BlackRock provides its services in around 100 countries around the world, we can expect that there will be more countries where this service will become available in the future.

Eternad

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Quote from: blckhawk on March 15, 2024, 05:34:34 AM

That's probably the reason why it's going to be listed in Brazil, because people don't know that it's not bitcoin and that way, the Brazilian government and Blackrock can benefit more from it because they're literally not selling any bitcoin to the people and that they're only getting richer on paper. I guess the advantage is that you're not really trading bitcoins and if I recall correctly it works like a stock or a bonds so you don't really need to do any trading, you're just hodling on to it and waiting until you can sell or something like that.

Nah, Brazil is known for a country on South America that has a huge number of cryptocurrency investors. There’s a tons of potential investors in there that want to ride on Bitcoin hype without the need to understand the tech behind Bitcoin such as holding it on their wallet.

ETF is not something that scam exchange offer but rather it’s highly regulated compared to CEX on crypto. Holding IBIT shares is much better than buying on CEX and hold it on their exchange wallet since that’s what newbie on crypto typically done. Besides not all investors that buy Bitcoin wants to hold real Bitcoin. Most of them is just investing due to the price growth potential which is similar whether you hold real Bitcoin or an ETF. Most important now is their buying power on ETF is now being reflected on the real price of Bitcoin.

blckhawk

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Quote from: electronicash on March 14, 2024, 02:19:00 PM

why would the Brazilian traders be trading the Blackrock's ETF when they know its not even a real BTC. and Brazil has its own regulatory body that will do it for them.
anyone today with a little knowledge of Bitcoin will know that holding BTC in their own wallet will give them the edge than trading on a platform they know might not be friendly to them.

but what is the advantage if there is in trading Blackrock's IBIT39?

That's probably the reason why it's going to be listed in Brazil, because people don't know that it's not bitcoin and that way, the Brazilian government and Blackrock can benefit more from it because they're literally not selling any bitcoin to the people and that they're only getting richer on paper. I guess the advantage is that you're not really trading bitcoins and if I recall correctly it works like a stock or a bonds so you don't really need to do any trading, you're just hodling on to it and waiting until you can sell or something like that.

zasad@

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Quote from: electronicash on March 14, 2024, 02:19:00 PM

why would the Brazilian traders be trading the Blackrock's ETF when they know its not even a real BTC. and Brazil has its own regulatory body that will do it for them.
anyone today with a little knowledge of Bitcoin will know that holding BTC in their own wallet will give them the edge than trading on a platform they know might not be friendly to them.

but what is the advantage if there is in trading Blackrock's IBIT39?

There is much more money in the stock market than in the cryptocurrency market, and it is easier for a trader to buy spot Bitcoin EFT than to store Bitcoin themselves. Bitcoin EFT is not available in all countries, and therefore where it is not available, investors use cryptocurrency exchanges and possibly non-custodial storage. Although the latest research I've seen suggests that many investors use exchanges as a wallet.

electronicash

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why would the Brazilian traders be trading the Blackrock's ETF when they know its not even a real BTC. and Brazil has its own regulatory body that will do it for them.
anyone today with a little knowledge of Bitcoin will know that holding BTC in their own wallet will give them the edge than trading on a platform they know might not be friendly to them.

but what is the advantage if there is in trading Blackrock's IBIT39?

bitmover

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Quote from: zasad@ on March 01, 2024, 06:34:28 AM

https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow
"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report."

“Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”

We have bitcoin ETF in Brazil for a long time, for nearly 3 years already. This will be just one more.

https://br.cointelegraph.com/news/bitcoin-officially-debuts-on-the-b3-exchange-with-the-first-btc-etf-in-latin-america

There are many different cryptocurrencies ETF here. We have ethereum ETF, altcoins baskets ETF, NFT focused ETF.... many different ones

zasad@

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Quote from: jesse628wallick on March 14, 2024, 12:46:30 AM

Quote from: zasad@ on March 01, 2024, 06:34:28 AM

https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow
"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report." maxim web time clock

“Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”

BlackRock’s spot Bitcoin ETF, known as the iShares Bitcoin Trust ETF (IBIT), has indeed started trading in Brazil. This marks a significant expansion for BlackRock, as it brings a major cryptocurrency investment vehicle to the Brazilian market. The ETF, which tracks the spot price of Bitcoin, is available on B3, Brazil’s stock exchange.

The launch of IBIT39 in Brazil is part of BlackRock’s broader strategy to provide investors with high-quality access to digital assets. It reflects the growing interest in cryptocurrency investments and the company’s commitment to the digital asset market. For investors in Brazil, this offers a new opportunity to gain exposure to Bitcoin through a regulated financial product.

I would rephrase this differently. BlackRock wants to shave hamsters in Brazil.
Cryptocurrency users understand that cryptocurrency prices can fall by 100-1000% or more in a year, but many inexperienced traders can still fall into this trap and lose money.

jesse628wallick

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Quote from: zasad@ on March 01, 2024, 06:34:28 AM

https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow
"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report." maxim web time clock

“Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”

BlackRock’s spot Bitcoin ETF, known as the iShares Bitcoin Trust ETF (IBIT), has indeed started trading in Brazil. This marks a significant expansion for BlackRock, as it brings a major cryptocurrency investment vehicle to the Brazilian market. The ETF, which tracks the spot price of Bitcoin, is available on B3, Brazil’s stock exchange.

The launch of IBIT39 in Brazil is part of BlackRock’s broader strategy to provide investors with high-quality access to digital assets. It reflects the growing interest in cryptocurrency investments and the company’s commitment to the digital asset market. For investors in Brazil, this offers a new opportunity to gain exposure to Bitcoin through a regulated financial product.

pakhitheboss

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Quote from: avikz on March 01, 2024, 12:22:50 PM

So blackrock has started capturing the crypto market as envisaged. When a company with 13 - 14 trillion of asset under management, gets into crypto market, they enter with the intention of controlling it. There is a famous saying about blackrock, that Larry do not want to own asset, he wants to control it.

Most unfortunately in couple of years, blackrock may be controlling the entire crypto market. It definitely won't be a good news for the common people like us.

That was the point of coming up with ETF and then being the first one to apply for its approval. The demand and the current market situation do show how much investors are buying it. I still do not think that they will be able to control Bitcoin as there are others who are also heavily investing in Bitcoin. Micro Strategy is one such company that will challenge Blackrock in the future.

pinggoki

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Quote from: avikz on March 01, 2024, 12:22:50 PM

So blackrock has started capturing the crypto market as envisaged. When a company with 13 - 14 trillion of asset under management, gets into crypto market, they enter with the intention of controlling it. There is a famous saying about blackrock, that Larry do not want to own asset, he wants to control it.

Most unfortunately in couple of years, blackrock may be controlling the entire crypto market. It definitely won't be a good news for the common people like us.

The best thing that we can probably do if such a situation is likely to happen then I suggest that we should ramp up our bitcoin accumulation as a retail investors, it's not really a good deal that companies are going to be in control of what's supposed to be the sanctuary for many of us that are being oppressed by these banking institutions. Either we do more information drives so more people would get curious about bitcoin and then they can invest in it or we accumulate as many as we can without selling our bitcoins no matter how high the price for it becomes and even if Blackrock has a lot of bitcoin, they can't control the network anyway, the nodes are still spread out all over the world and I don't think that they can all get that or maybe even persuade those nodes to be owned by them, it's just not impossible. If this is true then it's probably in our best interest to not sell any bitcoin right now even with all the talks of a new ATH because of the possibility that if they get more bitcoin then they might hoard it so they can sell however much they want it to be.

avikz

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So blackrock has started capturing the crypto market as envisaged. When a company with 13 - 14 trillion of asset under management, gets into crypto market, they enter with the intention of controlling it. There is a famous saying about blackrock, that Larry do not want to own asset, he wants to control it.

Most unfortunately in couple of years, blackrock may be controlling the entire crypto market. It definitely won't be a good news for the common people like us.

zasad@

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https://bitcoinmagazine.com/markets/blackrocks-spot-bitcoin-etf-to-start-trading-in-brazil-tomorrow
"BlackRock's spot Bitcoin exchange-traded fund (ETF) is poised to make its debut in Brazil tomorrow, according to a report from the largest financial market news platform in Brazil, InfoMoney. The launch follows the announcement by BlackRock that the Brazilian Depositary Receipts (BDRs) of its iShares Bitcoin Trust ETF (IBIT39) will begin trading on B3, Brazil's stock exchange, on Friday, according to the report."

“Our digital asset journey has been underpinned by the goal of providing high-quality access vehicles to investors,” said Karina Saade, president of BlackRock in Brazil. “IBIT39 is a natural progression of our efforts over many years and builds on the fundamental capabilities we have established so far in the digital asset market.”

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