Blackrock's Bitcoin ETF Starts Trading in Chilean Stock Exchange

Last week, the Ishares Bitcoin Trust (IBIT) arrived at the Santiago Stock Exchange, the main financial market of Chile. The leading spot bitcoin exchange-traded fund (ETF) instrument, which was approved this year by the U.S. Securities and Exchange Commission (SEC) will now allow Chilean investors to acquire an “accessible and efficient digital asset to include in their portfolios, backed by the extensive risk management experience of our Ishares ETFs,” according to Silvia Fernandez, country head of BlackRock Chile. Patricio Rojas, Santiago Stock Exchange’s general manager, remarked that this addition marked “significant progress in the diversification of products available for our market.”