News

Galaxy and Itaú Asset Management partner to launch crypto ETFs in Brazil

2022/11/10 13:53

According to NewsWire, Galaxy Digital Holdings Ltd. (TSX: GLXY) ("Galaxy" or "the Company"), a financial services and investment management innovator in the digital asset, cryptocurrency, and blockchain technology sectors, and Itaú Asset Management ("Itaú Asset") the largest private asset manager in Latin America, today announced a strategic partnership to develop a comprehensive suite of Brazilian-listed, physically backed, digital asset exchange-traded funds.
The first ETF of this new partnership, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will start trading at the market's open on November 10, 2022, on the B3 Stock Exchange as part of Itaú Asset's broader ETF suite, the IT Now Series. The initial product will offer investors exposure to Bitcoin, the largest cryptocurrency by market cap. Galaxy and Itaú Asset aim to expand the suite over time to include other diversified strategies in the digital asset space.
bullishbullishbullish5bearishbearishbearishBearishLikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green – CryptoQuant

  • Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

  • Image

    Bitcoin And Gold Share 85% Correlation – What Sets Them Apart?

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Bitcoin Short-Term Price Rally Likely As Coinbase Premium Flashes Green – CryptoQuant

  • Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes

  • Image

    Bitcoin And Gold Share 85% Correlation – What Sets Them Apart?