The Hashdex Nasdaq Bitcoin ETF (BITH11.SA) is a pioneering investment vehicle in Brazil, offering investors direct exposure to Bitcoin. Launched in August 2021 by Hashdex, a Rio de Janeiro-based asset management firm specializing in digital assets, BITH11 stands out as the country's first "green" Bitcoin ETF. This initiative reflects Hashdex's commitment to sustainability by offsetting the carbon footprint associated with Bitcoin mining. In collaboration with Germany's Crypto Carbon Ratings Institute (CCRI), the fund assesses its environmental impact and allocates 0.15% of its liquid assets annually to purchase carbon credits and invest in eco-friendly technologies. (nasdaq.com)

As of November 21, 2023, BITH11 managed approximately $57.8 million in assets, representing about 60% of the market share among Brazilian spot Bitcoin ETFs. This substantial market presence underscores the growing interest in Bitcoin investment products within Brazil. The fund's success is attributed to favorable digital asset regulations and increasing institutional interest in Bitcoin. (coindesk.com)