Bitcoin ETFs Surge In Brazil As Prices Near $100,000

According to Odaily, the demand and prices for Bitcoin ETFs on the Brazilian stock exchange have surged as Bitcoin's value approaches $100,000. The first cryptocurrency ETF launched by Hashdex on B3 has reached an all-time high, with its net asset value nearing $689 million. Additionally, Hashdex's BITH11 ETF has also hit a record high, with a net asset value close to $259 million. Every cryptocurrency ETF containing Bitcoin has achieved its highest price to date. However, seven ETFs have not reached this milestone, as they focus on Ethereum and other cryptocurrency sectors such as DeFi, NFTs, and Web3.