United

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As U.S. Investors Anticipate Approval, Brazilian Bitcoin ETFs Garner Significant Interest 
With the eagerly anticipated approval of a spot bitcoin exchange-traded fund (ETF) in the United States on the horizon, eyes turn to Brazil where an already-established market for such vehicles has been thriving for over two years. As of November 21, these Brazilian ETFs collectively manage an impressive $96.8 million in assets, with Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11) leading the pack at $57.8 million, commanding a substantial 60% market share. In comparison, the largest national ETFs, iShares Ibovespa Index (BOVA11) and iShares BM&amp;FBOVESPA Small Cap (SMAL11), boast $2.41 billion and $1.19 billion in assets under management (AUM) respectively. For perspective, the largest U.S. ETF, SPDR S&amp;P 500, boasts a staggering $430 billion in AUM. 
Marcelo Sampaio, the CEO and founder of Hashdex, attributes the success of bitcoin ETFs in Brazil to a combination of pro-market digital asset regulations and a growing appetite from major institutions. As investors globally track the evolving crypto landscape, the Brazilian market’s robust performance underscores the increasing prominence of digital assets in the financial mainstream.

Pioneering the Path in the Americas: Strong Appetite Surfaces for Brazilian Spot Bitcoin ETFs

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