As investors continue to await approval of a spot bitcoin exchange-traded fund (ETF) in the U.S., a check of Brazil finds hefty demand for such vehicles which have been trading in that country for more than two years.
It's quite a little known um in U SI guess, but Brazil, the process we're overcoming now in us around the Bitcoin spot ETF filings and the potential approvals we have got in Brazil uh through that like almost three years ago, right? So, and ultimately Brazil seem like is a more sophisticated market for crypto in general when it comes to regulated markets. Um What is going on right now, I think follows um um the trend, you know, like what's going on with, with Bitcoin, like the Bitcoin narrative in general, but, you know, like more than just in the crypto arena, you know, like this is happening here and the regulated uh uh uh uh environment. So, so yeah, you know, like we have been seeing like not only man but very interestingly, we have been seeing a number of, of, of, of pre sophisticated investors, like maybe going towards like uh big institutions or more institutional investors uh really in like expressing their interest in, in, in joining, you know, like this, this asset class is like or having this asset class, like resenting the portfolios. It's been very interesting to see what happens. A number of years, you know, like, um, ETF S are available in the market.