Brazil becomes first Latin American country to launch bitcoin fund
The Brazilian Securities and Exchange Commission (CVM) launched its first Exhange-Trade Funds (ETF)
This week, Brazil became the first country in Latin America to launch its own Exchange-Trade Funds (ETF) through the Brazilian Securities and Exchange Commission (CVM).
The exchange-traded fund was called “Hashdex Nasdaq Crypto Index ETF”, which has as its main objective to increase the participation of institutional investors in cryptocurrencies.
This initiative was carried out thanks to Hashdex, a company dedicated to the management of funds in digital assets, in the hands of Nasdaq. This includes some cryptocurrencies such as ethereum, litecoin, stellar, chainlink, bitcoin cash, among others.
As reported by a local media, the minimum investment amount in the listed fund will be 250 million reais, equivalent to about 45 million dollars, and the offer will be coordinated by BTG Pactual, Itaú and Genial.
The Hashdex bitcoin ETF will be listed on the world’s second largest stock exchange offering access to bitcoin, called B3, with the ticker HASH11.
K. Tovar
Source: Territoriobitcoin
