Dec 22, 2023

BTG Pactual head of digital assets Andre Portilho breaks down the success of spot bitcoin exchange-traded fund (ETF) in Brazil with both retail and institutional investors.

Video transcript

When we launched our spot ETF uh back some years ago, uh was in a, I mean, very good market conditions and the demand was huge, especially from uh Reo and institutional clients. Brazil uh was one of the first, I would say more traditional instruments that people can access uh Bitcoin uh in the Brazilian market. And the success was uh was astonishing. Um I think we can see a similar effect when we have a spot uh ETF in the US, although we already have some uh very good companies in Rios uh in crypto uh in the US already functioning. So I'm not saying I expect the same effect that we had in Brazil when we launched our, our spot TT F. But definitely, I think there will be a uh a lot of demand for those products coming not only from like uh institutional clients, uh but also from retail clients that will, they will be able to interact with uh Bitcoin uh in Iter in the, let's say traditional channels in radio that you already have. So uh uh we are very excited about

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