Bitcoin ETFs Achieve Unprecedented Success in Brazil

Bitcoin’s recent price surge near $100,000 has driven up demand and prices for Bitcoin ETFs on Brazil’s stock exchange.

Hashdex’s flagship crypto ETF hit a record net asset value of $689 million, while its bitcoin-focused BITH11 reached $259 million. Every ETF with bitcoin exposure achieved record prices, except for seven focusing on Ethereum, NFTs, Web3, and decentralized finance.

Clever Robot News Desk 25th November 2024

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