An investigation in Brazil has found that Brazilian spot Bitcoin ETFs have nearly $100 million in assets under management, with the ETFs’ assets under management (AUM) totaling $96.8 million as of November 21, with Hashdex’s Nasdaq Bitcoin Reference price FDI (BITH11) leads the way, with assets under management of US$57.8 million as of November 21, and a market share of approximately 60%.
Other spot Bitcoin ETF providers in Brazil include Itau Asset Management, which launched a fund last year in partnership with Mike Novogratz’s Galaxy Digital, and QR Capital, a product launched in 2021 with $36 million in assets under management. (Coindesk)
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