Bitcoin News
Spot Bitcoin (BTC) ETFs Have Almost $100M in AUM in Brazil, Led by Hashdex Offering
![Spot Bitcoin (BTC) ETFs Have Almost 0M in AUM in Brazil, Led by Hashdex Offering Spot Bitcoin (BTC) ETFs Have Almost 0M in AUM in Brazil, Led by Hashdex Offering](https://i0.wp.com/www.coindesk.com/resizer/EnINtyFPDlP9KmSuWaOxMZSDSN8=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/FQDMIY6RDFFYBGMHKK25GBQYGY.jpg?resize=780%2C470&ssl=1)
Together, those ETFs have $96.8 million of assets under management (AUM) as of November 21, led by Hashdex’s Nasdaq Bitcoin Reference Price FDI (BITH11) with $57.8 million in AUM as of November 21, or a market share of about 60%. As comparison, the largest ETF in the nation, iShares Ibovespa Index (BOVA11), has $2.41 billion in AUM and the second largest, the iShares BM&FBOVESPA Small Cap (SMAL11), has $1.19 billion in AUM. For reference, the largest U.S. ETF, the SPDR S&P 500, has roughly $430 billion in AUM.
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