BlackRock Brazil launching depositary receipts fund mirroring US BTC ETF - Image showing a graph with the BlackRock logo and the words
BlackRock Brazil launching depositary receipts fund mirroring US BTC ETF

The Launch of BlackRock’s iShares Bitcoin ETF in Brazil: A Step Towards Web 3.0

BlackRock, the world’s largest asset manager, is set to make its iShares Bitcoin exchange-traded fund (ETF) available in Brazil through the launch of a new BTC BDR (Brazilian Depositary Receipts) ETF. Trading for this new product will begin on March 1, as announced by BlackRock Brazil president Karina Saade at the company’s headquarters in São Paulo on Feb. 29.

Partnering with B3 for Web 3.0 Infrastructure

In order to offer this new product, BlackRock will be partnering with B3, a Brazilian financial market infrastructure provider. Saade emphasized that the Brazilian ETF is essentially the same as the BTC ETF launched in the United States in January, with its performance mirrored and an administrative fee of 0.25%. Additionally, the first $5 billion of assets under management (AUM) will be exempt from this fee for the first year. However, it is important to note that BDRs are subject to full taxation.

Expanding Web 3.0 Access to Investors

The new Brazilian fund will be available to investors who already have at least 1 million reals ($201,000) invested in the market. However, BlackRock Brazil is still awaiting approval for retail sales. This move marks a significant step towards the development of Web 3.0, with its focus on decentralization and increased accessibility for individuals.

The Rise of Web 3.0: A Look at the Evolution of the Internet

Web 3.0, also known as the “semantic web,” has been making waves in the tech world since its inception in 2006. This new era of the internet is characterized by advanced technologies, such as artificial intelligence and blockchain, that aim to create a more interconnected and intelligent online experience.

The Year of Web 3.0: How 2021 is Shaping the Future of the Internet

With the launch of 13 ETFs with crypto exposure on B3 this year, 2021 has been a pivotal year for the development of Web 3.0. These ETFs, with a combined value of 2.5 billion reals, have already seen a trade volume of 30 million reals, showcasing the growing interest in crypto investments. Additionally, the recent approval of the BlackRock spot BTC ETF by the SEC highlights the potential for further growth and innovation in the Web 3.0 space.

The Impact of Web 3.0 on Social Media Apps and Platforms

Web 3.0 is not only changing the way we invest and interact with the internet, but it is also revolutionizing the world of social media. With the introduction of new tools and infrastructure, Web 3.0 is creating a more decentralized and user-controlled social media experience. This includes the emergence of mirror web 3.0 and the potential for social media platforms to be built on blockchain technology.

The Future of Web 3.0: Exploring the Possibilities of a Metaverse

As Web 3.0 continues to evolve, the concept of a metaverse is often brought up in discussions. While it is not the same as Web 3.0, the metaverse is closely related and could potentially be a result of its development. With its focus on creating a more immersive and interconnected online experience, Web 3.0 is laying the foundation for a metaverse that could revolutionize the way we interact with the internet.

The Evolution of the Internet: From Web 1.0 to Web 3.0

To truly understand the significance of Web 3.0, it is important to look back at the history of the internet. Web 1.0, characterized by static websites and limited user interaction, paved the way for the more dynamic and interactive Web 2.0. Now, with the emergence of Web 3.0, we are entering a new era of the internet that promises even more advanced technologies and a more interconnected online world.

Categorized in:

Tagged in: