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The recent bitcoin price hike that has driven exchange rates close to $100,000 per token has also fueled the demand for and prices of Bitcoin exchange-traded fund (ETF) shares in the Brazilian stock exchange. Hashdex, the first crypto ETF launched on B3, reached all-time highs, with a net asset value nearing $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 crypto ETF that includes bitcoin in its composition reached record prices. Only seven ETFs failed to do this, focusing instead on ETH and other areas of crypto, such as decentralized finance, non-fungible tokens (NFTs), and Web3.
