Bitcoin ETF sets a new record in Brazil

ChainCatcher news, as the price of Bitcoin approaches $100,000, the demand and price for Bitcoin exchange-traded fund (ETF) shares on the Brazilian stock exchange have surged.

The first cryptocurrency ETF launched on B3, Hashdex, has reached a historic high with a net asset value close to $689 million. BITH11 is the ETF offered by Hashdex that provides 100% exposure to Bitcoin, also reaching a historic high with a net asset value close to $259 million. Every cryptocurrency ETF that includes Bitcoin has set a historic high. Only seven ETFs have failed to do so, focusing instead on ETH and other areas of cryptocurrency, such as decentralized finance, non-fungible tokens (NFTs), and Web3.