According to the en.cryptonomist.ch, the content speaks that- The first bitcoin ETF launched on the Brazilian fair has previously higher 615.3 million Brazilian reais, or around $112 million. 

This was declared by the issuing company by its own, Hashdex, with a tweet on its authorized profile in which it also discloses that it is now the fifth-largest Brazilian ETF by a sum of shareholders. 

The fund is named Hashdex Nasdaq Crypto Index ETF (HASH11) and reproduces the performance of the Nasdaq Crypto Index. 

Its portfolio essentially comprises 22.9% Ethereum, 72.7% bitcoin, and the outstanding 4.4% a mix of ChainLink, Litecoin, Bitcoin Cash and Stellar. 

The market launch was in mid-February, but it has previously developed the fifth-largest fund on the Brazilian stock exchange, with over 80% of requirements made by individuals. Trading on the Brazilian stock exchange initiates today. 

Dimensions of the Brazilian Bitcoin ETF 

 In a letter sent to patrons on Friday, Hashdex stated that primary issuances of the fund’s units elevated 615,250,700 reais, with 28,358 wishes received before the exchange’s debut. A whole of 12,305,014 shares was distributed, with a worth of 47.02 reais per share, and an access fee of 2.98 reais per share, for an entire cost of 50 reais. 

The management fee is 0.3% per annum. 

Banco Genial is one of the leading coordinators and managers, along with Itaú BBA and BTG Pactual. 

The volume elevated was almost three times the lowest desired worth of 250 million reais, which demonstrates the great interest of Brazilian investors in this kind of financial product. 

The only Brazilian ETFs that outpace HASH11 in expressions of several investors are IVVB11, which monitors the S&P 500, BOVA11. 

The purpose is to deliver small investors involved in cryptocurrencies with a stress-free investment substitute, available on any home broker. 

In fact, for an instant, small investors in Brazil only have the right of entry to financial products based on cryptocurrencies through investment funds, which spread at higher rates than ETFs and have low percentages of acquaintance to cryptocurrencies (20%).