Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

xUSD Has Landed on Equilibria with 250% vePENDLE Boost

July 27, 2025

Ethereum Rainbow Chart predicts ETH price for August 1, 2025

July 27, 2025

What Crypto Whales are Buying Ahead of the White House Crypto Report

July 27, 2025

Crypto microloans make a comeback as Trump backs crypto

July 27, 2025

Binance Delays This Airdrop, Here’s Why

July 27, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Bitcoin Bulls Gain Traction From Ideal Long Zone: 2 Scenarios For The Week Ahead

    July 27, 2025

    Ethereum Price Analysis: Is ETH Gearing Up for a Surge to $4K?

    July 27, 2025

    Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims

    July 27, 2025

    Nasdaq-Listed Windtree Seeks $520M for BNB Reserve Accumulation

    July 27, 2025

    Ethereum CME Futures Open Interest Hits Record $7.85B

    July 27, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Markets » Spot Bitcoin ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering
Markets

Spot Bitcoin ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering

Crypto Observer StaffBy Crypto Observer StaffNovember 30, 2023No Comments3 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

As investors continue to await approval of a spot bitcoin exchange-traded fund (ETF) in the U.S., a check of Brazil finds hefty demand for such vehicles which have been trading in that country for more than two years.

Together, those ETFs have $96.8 million of assets under management (AUM) as of November 21, led by Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11) with $57.8 million in AUM as of November 21, or a market share of about 60%. As comparison, the largest ETF in the nation, iShares Ibovespa Index (BOVA11), has $2.41 billion in AUM and the second largest, the iShares BM&FBOVESPA Small Cap (SMAL11), has $1.19 billion in AUM. For reference, the largest U.S. ETF, the SPDR S&P 500, has roughly $430 billion in AUM.

According to Marcelo Sampaio, CEO and founder of Hashdex, the success of bitcoin ETFs in Brazil is the result of pro-market digital assets regulation and growing interest from large institutions for said products.

“There is a growing positive sentiment across the most sophisticated investors and we’ve been seeing increasing interest from some of the largest institutions whether that be either allocating or considering adding crypto soon to their portfolios,” said Sampaio in an interview with CoinDesk. Hashdex’s spot bitcoin ETF started trading on August 1, 2021.

Hashdex also offers a crypto index ETF that includes BTC, ETH and other cryptos and which garners a lot more investment than the spot bitcoin ETF, said Sampaio. Combined, Hashdex’s crypto-related ETF AUM is currently around $500 million.

Hashdex is also among those with outstanding applications for spot bitcoin ETFs with the U.S. Securities and Exchange Commission (SEC). The agency – as it’s done with other applicants of late – last week delayed any decision on the Hashdex filing.

Other spot bitcoin ETF providers in Brazil include Itau ́ Asset Management, which teamed up with Mike Novogratz’s Galaxy Digital to launch a fund last year, and an offering from QR Capital, which launched in 2021, has $36 million in AUM, according to data from Hashdex.

There has traditionally been a lot of interest in crypto ETFs from the Brazilian public, said Gui Silva, a managing partner at Tagus Capital, and the number of investors in digital asset ETFs will only continue to grow.

“There are about 4 million investors with accounts at the B3 stock exchange in Brazil and around 700,000 of these invest in ETFs,” he said. “About one-third of those investors allocated funds to crypto ETFs last year.”

A reason for the strong appetite in ETF investing in Brazil might be due to the low fees, according to Silva. “ETF fees in Brazil range from 0.5% to 1.5% – which is considered relatively low compared to other products in the market,” he added.

Read the full article here

Fintech
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto microloans make a comeback as Trump backs crypto

July 27, 2025

Binance Delays This Airdrop, Here’s Why

July 27, 2025

Divine Research issues unbacked crypto loans using Sam Altman’s World ID

July 27, 2025

Uniswap v4 Hits $1B TVL as Unichain and Ethereum Lead Activity

July 27, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

xUSD Has Landed on Equilibria with 250% vePENDLE Boost

July 27, 2025

Ethereum Rainbow Chart predicts ETH price for August 1, 2025

July 27, 2025

What Crypto Whales are Buying Ahead of the White House Crypto Report

July 27, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Ethereum Price Analysis: Is ETH Gearing Up for a Surge to $4K?

July 27, 2025

Bitcoin’s Parabolic Glory Days May Be Over, Analyst Claims

July 27, 2025

Nasdaq-Listed Windtree Seeks $520M for BNB Reserve Accumulation

July 27, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.