Bitcoin ETF sets new record in Brazil
2024-11-24 21:50:00
The Brazilian stock exchange saw a surge in demand and price for Bitcoin exchange-traded fund (ETF) shares as the Bitcoin price rate approached $100,000. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value approaching $689 million. BITH11, an ETF offered by Hashdex that offers 100% exposure to Bitcoin, hit an all-time high with a net asset value approaching $259 million. Every cryptocurrency ETF that includes Bitcoin hit an all-time high. Only seven ETFs failed to do so, instead focusing on ETH and other areas of cryptocurrencies, such as decentralized finance, non-fungible tokens (NFTs) and Web3.
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