Crypto ETFs move R$150 million daily on B3.
Brazil stands out in the regulation and innovation of the crypto market.
B3 expands with Ethereum, Solana and tokenization futures
The cryptocurrency market continues to gain ground in Brazil. Crypto ETFs on B3 move more than R$150 million per day, consolidating the country as one of the most developed in this sector. The information was highlighted by Felipe Gonçalves, Head of Interest and Currency Products at B3, during the Smart Summit in Rio de Janeiro.
According to Gonçalves, Brazil was a pioneer in the regulation and launch of cryptoasset ETFs in 2021, thanks to the joint work of B3, CVM and managers. There are currently 19 funds listed on the Brazilian stock exchange with exposure to cryptoassets, attracting both institutional and foreign investors.
Crypto ETFs frequently appear among the most traded on B3, which demonstrates the growing adherence to the market. Additionally, the launch of Bitcoin futures contracts in 2023 has further boosted the industry. Now, B3 plans to introduce Ethereum and Solana futures contracts in the first half of this year.
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Crypto ETFs Expansion
B3 also announced that it plans to launch Bitcoin options contracts and new crypto ETFs. According to Gonçalves, the options market offers more strategies for traders and protection for investors.
In recent years, B3 has invested in the blockchain and tokenization market. Thus, in 2023, the exchange launched a platform for issuing and trading tokenized assets, starting with debentures. In 2024, the first trading of a token representing a real asset took place on B3, marking a breakthrough in the sector.
Thus, the growth of crypto ETFs and the advancement of tokenization show that the Brazilian market is constantly evolving. With advanced regulation and high liquidity, B3 is establishing itself as one of the main hubs for crypto asset investments in the world.