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The launch was done in conjunction with the firms Acciones & Valores SA and Trii.
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IBIT is the largest Bitcoin ETF in the world, with more than $50 billion in assets.
Starting this week, the Colombian Stock Exchange began trading the IBIT bitcoin (BTC) exchange-traded fund (ETF), issued by the world’s largest asset manager, BlackRock, in an unprecedented event for the stock market. of the South American country.
BlackRock’s bitcoin ETF is negotiate in the Colombian Global Market section of the BVC, allowing Colombians to access this investment product.
The launch of the BlackRock ETF in the Colombian market was done in conjunction with the firms Acciones & Valores SA and Trii. With this, the possibility was opened for users to invest in the IBIT ETF, which has its own listing on the US stock market.
In this case, the ETF is traded in Colombian pesos in parity with the cost of IBIT shares in dollars. In general, the shares of this financial product are traded under the same conditions and technical-financial aspects established by BlackRock.
As can be seen on the BVC website, IBIT shares are they negotiate at an average price of 242,960 Colombian pesos, equivalent to just over 55 dollarswhich is the current price of that stock on the US stock market.
These are the trading data for IBIT shares on the Colombian Stock Exchange. Source: BVC.
The shares of the BlackRock IBIT ETF in Colombia have already registered purchase operations. They have also been registered operations with compliance dates of December 24.
The IBIT is the largest bitcoin ETF in the world, with more of USD 50 billion in assets. This ETF already manages more than 500,000 BTCequivalent to 3% of the total BTC supply, as reported by CriptoNoticias.
The importance of Colombians being able to invest in these stocks lies in several reasons. For example, it provides a new form of portfolio diversification, allowing local investors access an asset that has shown significant growth in the global market.
In addition, it offers an alternative for those interested in BTC without having to directly purchase the currency, mitigating some risks associated with bitcoin custody.
The introduction of IBIT in Colombia also opens the door to greater financial inclusion in the field of digital investments. Allows more people participate in the BTC market through a regulated investment vehicle and known, which can increase trust and adoption of innovative financial technologies in the country.
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