Posted 11/27/2023, 6:28:00 PM
Brazilian Spot Bitcoin ETFs Attract Nearly $100M as Investors Flock to Crypto
- Spot bitcoin ETFs in Brazil have almost $100M in AUM, led by Hashdex's offering with $57.8M
- Hashdex started trading its spot bitcoin ETF on August 1, 2021 and also offers a crypto index ETF
- Other spot bitcoin ETF providers in Brazil include Itau Asset Management (with Galaxy Digital) and QR Capital
- There's strong public interest in crypto ETFs in Brazil - about 700K investors allocated funds to them last year
- Low fees of 0.5-1.5% help drive demand for ETF investing among Brazil's 4M investors with stock exchange accounts