Galaxy Digital Launches Bitcoin ETF In Brazil

Share post:

Galaxy Digital has announced a partnership with the biggest asset manager in Latin America, Itaú Asset Management, to launch a new ETF, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), available for trade on the B3 stock exchange. The launch is the first part of a new initiative by Galaxy Digital to create a suite of different crypto ETFs in Brazil. A quote from Galaxy Digital’s global head of asset management states, “As the crypto market develops institutionally, there is a big role for blue-chip firms like Galaxy to act as a partner to large institutions that have deep client bases yet lack the in-house expertise that’s necessary to build and create high-end quality crypto products.”

ETF Newz Says:

The new initiative from Galaxy Digital is exciting so we will have to see how BITI11 fares.

Related

Bitcoin Designate Nears $40K With Fed, ETF At Play

As the Federal Reserve adjusts monetary policies and the likelihood of a Bitcoin ETF approval increases, the price of Bitcoin is nearing the $40K mark. This financial milestone affirms the cryptocurrency's ongoing traction in global markets.

Bold Prediction: Bitcoin Set to Skyrocket to $100,000 by 2024

This scarcity is one of the key factors driving the value of Bitcoin. As the supply becomes more...

Goldman Sachs Launches First Funds Through ETF Accelerator

Goldman Sachs has unveiled the first exchange-traded funds (ETFs) launched through its ETF Accelerator platform, a digital initiative...

Record-Breaking Year for ETF Launches

2023 has been a standout year for the launch of new ETFs. The market is on track to...