BlackRock, the world's largest asset manager, has launched the iShares Bitcoin Trust ETF (IBIT39) in Brazil on March 1, in partnership with B3, the country's stock exchange operator. This marks the introduction of Brazil's first Bitcoin ETF, expanding the availability of Bitcoin investment products to Brazilian investors. The ETF, which was previously launched in the United States in January, is now available under the ticker $IBIT in Brazil. The management fee for the ETF is set at 0.25%, which will decrease to 0.12% once the fund achieves $5 billion in assets under management (AUM).