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As investors await approval of a location bitcoin trade-traded fund (ETF) in the U.S., a verify in Brazil finds significant demand from customers for these types of cars, which have been investing there for extra than two many years. Together, those people ETFs have $96.8 million of assets underneath management (AUM) as of Nov. 21, led by Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11) with $57.8 million in AUM, or a marketplace share of about 60%. For comparison, the premier ETF in the country, iShares Ibovespa Index (BOVA11), has $2.41 billion in AUM and the 2nd major, the iShares BM&FBOVESPA Little Cap (SMAL11), has $1.19 billion. The premier U.S. ETF, the SPDR S&P 500, has around $430 billion in AUM. In accordance to Marcelo Sampaio, CEO and founder of Hashdex, the results of bitcoin ETFs in Brazil is the end result of professional-industry digital assets regulation and expanding interest from substantial institutions.
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