EWZ/USDT Perpetual Futures Now Live on Bitrue With 20x Leverage

EWZ/USDT perpetual futures are live on Bitrue after trading opened at 12:00 UTC on 10 July 2026. 

The contract tracks the iShares MSCI Brazil ETF and allows long or short positions with maximum leverage of 20x and a tick size of 2. 

Traders gain USDT settled exposure to Brazilian equities without holding the underlying ETF shares. This listing adds a single country emerging market option to Bitrue futures.

Key Takeaways

• EWZ/USDT perpetual futures launched on Bitrue at 12:00 UTC on 10 July 2026 with up to 20x leverage and a tick size of 2.
• EWZ is the iShares MSCI Brazil ETF that holds large and mid capitalisation Brazilian companies with heavy weightings in financials, energy, materials and utilities.
• The futures contract lets traders take long or short views on Brazilian equity moves while managing funding rates and liquidation risk.

What is EWZ ETF?

EWZ is the ticker for the iShares MSCI Brazil ETF managed by BlackRock. The fund seeks to track the investment results of the MSCI Brazil Index, which covers large and mid capitalisation companies listed in Brazil. 

It currently holds around 46 securities and carries an expense ratio of 0.59%.

Sector exposure is concentrated. Financials form the largest allocation at roughly 36 to 37% of the portfolio. 

Energy, materials and utilities each account for approximately 13 to 15%. Industrials and consumer staples make up smaller but still meaningful portions. Leading holdings typically include major Brazilian names such as Vale, Petrobras, Itau Unibanco and Nu Holdings.

Because the ETF focuses exclusively on one country, its performance is tightly linked to Brazilian economic conditions. 

Movements in the Brazilian real against the US dollar, changes in commodity prices and domestic interest rate decisions all influence the value of the underlying shares and therefore the ETF price. 

Investors use EWZ when they want targeted exposure to Brazil without selecting individual stocks.

The same drivers that move the ETF also affect the EWZ/USDT perpetual futures contract. Traders who understand the composition and the main external factors are better placed to interpret price action in the futures market.

Read also: Futures Trading in Crypto: A Beginner's Guide in 2026 

EWZ/USDT Perpetual Futures Listing Details

Bitrue listed EWZ/USDT as one of seven new USDT based perpetual futures pairs. Trading began at 12:00 UTC on 10 July 2026. Maximum leverage is 20x and the tick size is set at 2. The contract is cash settled in USDT and has no expiry date.

Price movements follow the EWZ ETF during regular market hours and can also react to news released outside those hours. 

Users can open long positions if they expect Brazilian equities to rise or short positions if they expect them to fall. Higher leverage magnifies both gains and losses, so careful position sizing is essential.

Perpetual futures include a funding rate exchanged between long and short holders at regular intervals. 

A positive rate means longs pay shorts. A negative rate means shorts pay longs. This mechanism helps keep the futures price close to the underlying reference. 

Liquidation risk increases with leverage, especially during periods of sharp currency or commodity driven moves.

Bitrue provides the trading interface, charting tools, order types and risk controls for the pair. The listing sits within the platform’s selection of traditional finance themed perpetual contracts focused on emerging market equities.

Ready to start trading EWZ/USDT perpetual futures? Sign up to Bitrue at bitrue.com and access the contract with clear risk controls.

Key Factors Influencing EWZ and Brazilian Equities

Several measurable factors regularly affect the Brazilian equity market and therefore the EWZ ETF. The Brazilian real is one of the most important. A stronger real tends to support local asset prices measured in dollars, while a weaker real can pressure the ETF.

Commodity prices also matter. Brazil is a major exporter of iron ore, oil and agricultural products. Rising prices for these goods often improve earnings prospects for the large energy and materials companies that form a significant part of the index.

Domestic monetary policy is another key driver. The Brazilian central bank sets the Selic interest rate. After a series of cuts the rate stood at 14.25% following the meeting on 17 June 2026. 

Further changes in the Selic rate influence borrowing costs, economic growth expectations and portfolio flows into Brazilian assets.

Fiscal policy developments, political news and global risk appetite toward emerging markets complete the list of main influences. Because EWZ is a single country fund it carries country concentration risk that diversified global equity products do not. 

Futures traders monitor the same variables because any rapid reaction in the ETF is reflected in the EWZ/USDT perpetual contract.

Read also: Understand Every Types of Futures Trading 

EWZ ETF versus EWZ Perpetual Futures

Holding the EWZ ETF means owning a basket of Brazilian shares through a regulated fund. Investors receive any dividends distributed by the fund and can trade the ETF during regular stock market hours. There is no leverage and no funding rate.

EWZ/USDT perpetual futures provide price exposure without ownership of the ETF shares. Positions can be opened and closed whenever the futures market is active, and both long and short directions are available. Leverage of up to 20x allows larger notional exposure from a smaller margin balance, yet it also raises the chance of liquidation if the market moves against the position.

Funding rates introduce an ongoing cost or credit that ETF holders never face. Temporary deviations between the futures price and the ETF price can also occur outside cash market hours or during periods of lower liquidity. 

Traders therefore need to watch both the underlying Brazilian market news and the specific futures parameters such as mark price, funding rate and available margin.

The choice depends on the trader’s goals. The ETF suits longer term investment views on Brazil. The perpetual futures suit shorter term directional views, hedging needs or the desire to trade with leverage inside a crypto account.

How to Trade EWZ/USDT on Bitrue

Bitrue makes it simple to trade the newly listed EWZ/USDT perpetual futures contract inside a regulated environment. The platform covers account creation, funding and order execution so users can concentrate on market analysis.

1. Sign up for a Bitrue account and finish the required identity checks.
2. Deposit USDT or another accepted asset into the futures wallet.
3. Find the EWZ/USDT pair in the futures market list.
4. Open the position by choosing leverage, order type and size.
5. Close the position when the target is reached or risk limits require it.

These five steps give traders full access to long and short opportunities on Brazilian equity moves. Regular attention to currency trends, commodity prices, Selic rate decisions and funding rates helps keep decisions informed.

Read also: Futures Trading Strategies for Beginners: A Simple Guide 

Conclusion

EWZ/USDT perpetual futures are now trading on Bitrue with maximum leverage of 20x and a tick size of 2. 

The contract opened on 10 July 2026 and tracks the iShares MSCI Brazil ETF through a USDT settled market. Brazilian equities remain sensitive to the real exchange rate, commodity prices and domestic interest rate policy. 

Bitrue supplies a regulated platform with straightforward tools that make trading this pair easier and safer for users who want crypto based exposure to the Brazilian equity market.

FAQ

What is EWZ ETF?

EWZ is the iShares MSCI Brazil ETF that tracks large and mid capitalisation companies listed in Brazil.

When did the EWZ/USDT perpetual futures listing start on Bitrue?

Trading opened at 12:00 UTC on 10 July 2026.

What is the maximum leverage for EWZ/USDT on Bitrue?

The maximum leverage is 20x.

What is the tick size for the EWZ/USDT contract?

The tick size is 2.

How does the EWZ ETF differ from EWZ perpetual futures?

The ETF provides unleveraged ownership of Brazilian shares, while the perpetual futures contract allows leveraged long or short positions and includes funding rates.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.