EddieJayonCrypto

 28 Aug 24

tl;dr

BlackRock has launched its Ethereum ETF, ETHA39, on Brazil's B3 stock exchange, expanding its cryptocurrency offerings in the Brazilian market. The ETF provides exposure to Ethereum and is priced between R$40 and R$50 per BDR unit. BlackRock is waiving the management fee for the first year, reducing...

BlackRock Launches Ethereum ETF in Brazil

BlackRock has launched its Ethereum ETF, ETHA39, on Brazil's B3 stock exchange, expanding its cryptocurrency offerings in the Brazilian market. The ETF provides exposure to Ethereum and is priced between R$40 and R$50 per BDR unit. BlackRock is waiving the management fee for the first year, reducing it to 0.12% for assets under management up to US$2.5 billion. The launch of ETHA39 reflects increasing demand for cryptocurrency-related investment products in Brazil. Additionally, the Brazilian Securities and Exchange Commission has approved two Solana-based ETFs to be listed on B3, signaling broader acceptance of blockchain-based investments in the Brazilian market.


BlackRock has announced the launch of its Ethereum ETF on Brazil’s B3 stock exchange. The new ETF, trading under the ticker ETHA39, will provide Brazilian investors with exposure to Ethereum, the second-largest cryptocurrency by market cap. This move follows the earlier introduction of BlackRock’s Bitcoin ETF in Brazil, which debuted in March 2024 under the ticker IBIT39.


ETHA39 represents a fraction of the iShares Ethereum Trust (ETHA), with each BDR unit priced between R$40 and R$50. The exact price will be determined based on the ETF’s performance in the US market. BlackRock is waiving the management fee for ETHA39 for the first year, reducing the fee from the standard 0.25% to 0.12% for assets under management up to US$2.5 billion. The ETF’s structure as a Brazilian Depositary Receipt (BDR) means it is a certificate representing shares of a foreign company, in this case, BlackRock’s iShares Ethereum Trust, but traded locally on B3. While BDRs are subject to similar taxation as domestic shares, they do not offer tax exemptions for transactions below R$20,000 per month, a factor investors should consider when managing their portfolios.


The launch of ETHA39 reflects growing demand for cryptocurrency-related investment products in Brazil. According to Nicolas Gomez, the firm’s head of ETFs, index investments, and products for Latin America, there has been “robust demand” for the Bitcoin ETF BDR, which encouraged the company to expand its offerings to include ETH. BlackRock’s iShares Ethereum Trust in the United States has also seen rapid growth, surpassing $1 billion in cumulative net inflows as of August 2024. As a result, this achievement marked the first U.S. spot Ethereum exchange-traded fund (ETF) to reach this milestone, according to Farside Investors’ data.


Concurrently, the Brazilian market has shown increasing receptiveness to digital asset products. Beyond Bitcoin and Ethereum, the Brazilian Securities and Exchange Commission (CVM) has recently approved two Solana-based ETFs to be listed on B3, signaling a broader acceptance of blockchain-based investments.

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O-I Glass Inc Summary

O-I Glass, Inc. manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and Asia Pacific. The company is headquartered in Perrysburg, Ohio.

Industry: Manufacturing

Product: Glass Containers

Market Cap: 2.02B

Dividend Yield: None

EPS: -1.92

Stock Price: 43.37

Price Change (%): -0.0432

Volume: 6.7B

P/E Ratio: 16

ROE: -0.478

Debt/Equity: -0.085

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Technical Analysis Report: Navigating Market Trends

In the current market landscape, we observe a strong bullish trend in the XYZ stock, as indicated by the stock price consistently trading above its 50-day moving average. The Relative Strength Index (RSI) further confirms this bullish sentiment, with a reading comfortably above 70, signaling overbought conditions.

However, it's crucial to note that the stock is approaching a key resistance level at $100. Historically, this level has posed significant challenges, often leading to a reversal in price direction. Traders should closely monitor price action around this level for a potential breakout or reversal.

Additionally, the Bollinger Bands are indicating a period of high volatility, suggesting the potential for sharp price movements in the near term. Traders should exercise caution and consider implementing risk management strategies to account for this increased volatility.

Overall, while the technical indicators currently favor a bullish outlook for XYZ stock, the resistance level at $100 and heightened volatility present potential risks. Traders should await confirmation of a breakout above the resistance or exercise caution if the stock fails to breach this critical level.

More about Emeren Group Ltd

Company: ReneSola Ltd

Industry: Manufacturing, Semiconductors & Related Devices

Market Cap: 97,897,000

Dividend Yield: None

EPS: -0.31

PE Ratio: 1.915

52-Week High: -0.163

52-Week Low: 4.38

RSI: -0.924

Moving Average: -0.112

More about Douglas Emmett Inc

Douglas Emmett, Inc. (DEI) is a fully integrated, self-managed and self-managed Real Estate Investment Trust (REIT) and one of the largest owners and operators of high-quality multifamily and office properties located in major coastal submarkets from Los Angeles and Honolulu.

Industry: Real Estate & Construction

Sector: Real Estate Investment Trusts

Revenue: $3.12 billion

Dividend Yield: 0.76%

Price Change: -0.21

Price/Earnings Ratio: 5.81

EPS: -0.0351

Market Cap: $969.72 million

Stock Price: $13.94

Volatility: -0.504

Performance: -0.028

More about C3 Ai Inc

C3 Ai Inc Stock Analysis Summary

C3 Ai Inc (C3) operates in the Technology, Services-Prepackaged Software sector with a market cap of $3,088,530,000.

The company shows a negative Price/Earnings (P/E) ratio of -2.34, indicating a potential undervaluation.

The Return on Equity (ROE) stands at -0.901, reflecting a decrease in profitability compared to the industry average.

The stock has shown a trading volume of 310,582,000 with a current price of $28.39.

Technical analysis suggests a neutral stance with a Relative Strength Index (RSI) of 2.602, indicating neither overbought nor oversold conditions.

The stock is currently trading close to its support level with a potential for a 0.196% price change.

More about CEL-SCI Corp
CEL-SCI Corp Summary

CEL-SCI Corp Summary

CEL-SCI Corporation is dedicated to the research and development of immunotherapy for the treatment of cancer and infectious diseases. The company is headquartered in Vienna, Virginia.

Industry: LIFE SCIENCES

Sector: BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)

NAICS Code: 70102000

Revenue: -0.58

EPS: 0.001

Dividend: 0

Market Cap: 28560

P/E Ratio: 8.1

Beta (5Y Monthly): 0

52-Week Change: -0.627

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