Brazil Leads Crypto ETF Race With New Hybrid Bitcoin/Gold Product
Sao Paulo skyline view from the swimming pool at the Unique Hotel in Sao Paulo, Brazil. (Photo by … More
Hashdex, the Rio de Janeiro-based crypto asset manager, is teaming up with Buena Vista Capital to launch a hybrid bitcoin and gold exchange-traded fund on Brazil’s B3 stock exchange.
The new offering advances Brazil’s status as a global leader in the cryptocurrency ETF sector. When GBTC11, as the product will be known (not to be confused with Grayscale GBTC Trust in the US), goes live on July 29, Brazil’s B3 exchange will boast 22 ETFs that offer full or partial exposure to crypto assets.
GBTC11 will track the FTSE Bitcoin and Gold Risk Weighted Index and is…
