Bitcoin ETF sets new record in Brazil
Internet reports that as the Bitcoin price rate approaches US$100,000, demand and prices for Bitcoin exchange-traded fund (ETF) shares on the Brazilian Stock Exchange soared. Hashdex, the first cryptocurrency ETF launched on B3, hit a record high, with a net asset value of nearly US$689 million. BITH11 is an ETF provided by Hashdex that provides 100% Bitcoin exposure, a record high, with a net asset value of nearly US$259 million. Every cryptocurrency ETF that contains Bitcoin has hit a record high. Only seven ETFs failed to do this, focusing instead on ETH and other areas of cryptocurrency, such as decentralized finance, non-homogeneous tokens (NFT) and Web3.
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