Carbon Neutral Bitcoin ETF Brazil

Investment firm Hashdex has announced its newest bitcoin exchange-traded fund (ETF) offering in Brazil, BITH11. The investment vehicle provides bitcoin exposure to retail investors by tracking the Nasdaq Bitcoin Reference Price (NQBTC).

“In addition to being an asset of great technological importance, Bitcoin is now considered by many as a potential store of value,” the announcement read. “Its predictable monetary base, the security of its decentralized network and its low-correlation with other asset classes have caught the attention of…renowned investors in the traditional finance market, who, along with the growth of the network, has made Bitcoin appreciate in value by thousands of times in the past decade.”

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