Bitcoin Brazil Gets New BTC ETF from Galaxy Digital: BITI11 Launches on B3

Exciting news for Bitcoin investors in Brazil! Galaxy Digital, an asset manager, has introduced another BTC ETF in Brazil. This marks a significant step forward for cryptocurrency adoption in the region. Galaxy Digital has developed Bitcoin ETFs in Brazil in collaboration with the most considerable private asset management, in the recent example of cryptocurrency and digital asset innovation.

The cryptocurrency unit has partnered with long-standing hedged fund company Itaú Asset Management to develop a comprehensive spectrum of genuinely backed crypto investment products. This collaboration aims to provide Brazilian investors with secure and accessible exposure to the digital asset market.

Blockchain financial firm Galaxy Digital partnered with Itaú Asset Management, the biggest asset manager in Latin America, to launch a Bitcoin exchange-traded fund (ETF). This isn't just another ETF; it represents a strategic alliance between a global leader in digital assets and a prominent Latin American financial institution.

Digital asset and blockchain company Galaxy Digital has forged an alliance with Itaú Asset Management to introduce crypto-focused exchange-traded funds (ETFs) in Brazil. Itaú Asset Management, Latin America’s largest private asset manager, brings its extensive experience and network to this partnership.

The first ETF of this new partnership, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will start trading at the market's open on Novem, on the B3 Stock Exchange (B3). The ticker symbol BITI11 will be the one to watch for Brazilian investors seeking to add Bitcoin to their portfolios via a regulated and familiar investment vehicle.