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Bitcoin ETF hits new record in Brazil
Editor
2024-11-25 06:03:01 4,582
Golden Finance reports that as the price of Bitcoin approaches $100,000, demand and prices for Bitcoin exchange-traded fund (ETF) stocks surged on the Brazilian Stock Exchange. Hashdex, the first cryptocurrency ETF launched on B3, hit an all-time high with a net asset value of nearly $689 million. BITH11, an ETF offered by Hashdex that provides 100% exposure to Bitcoin, hit an all-time high with a net asset value of nearly $259 million. Every cryptocurrency ETF that includes Bitcoin hit all-time highs. Only seven ETFs failed to do this, instead focusing on ETH and other areas of cryptocurrency such as decentralized finance, non-fungible tokens (NFTs) and Web3.
Keywords: Bitcoin
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