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BB Asset, from Banco do Brasil, announced on Thursday, the 7th, the launch of the BB MM Bitcoin FIF Resp Ltda, a fund that offers indirect exposure to the price of Bitcoin through ETFs that replicate the Nasdaq Bitcoin Reference Price, an index developed by the Nasdaq exchange to provide the real-time reference price of bitcoin🤯 #BTC

According to BB, the news expands the manager's portfolio in the alternative investments segment and aims to meet investors who wish to diversify their portfolios with regulated digital assets.

‘With an initial investment of only R$ 0.01, the fund democratizes access to the segment, becoming a viable option for all investor profiles,” emphasized BB.

The estimated annual fundraising for the fund is R$ 50 million. Currently, BB Asset already has a significant presence in this segment with the BB MM Cripto fund, currently the third largest cryptoasset fund in the Brazilian market, with a net worth of R$ 280,226,094.85 and 28,337 investors (July 2025).💥💥💥 #CryptoIn401(k)

Structured to comply with the new tax legislation (Law No. 14,754/2023), the fund is eligible for the favored tax regime, with exemption from 'come-cotas', provided it maintains 95% allocated to compatible funds.

“The inclusion of Bitcoin in our fund portfolio reinforces BB Asset's positioning as a manager committed to innovation, offering solutions aligned with global trends and the demands of increasingly attentive investors to the evolution of the financial market. With a careful strategy, the new fund provides an efficient and regulated way to access the cryptoasset market, expanding allocation alternatives in the world's main digital asset,” said Fabrício Reis, commercial and product director of BB Asset.

Bitcoin ETFs

Recently, US spot Bitcoin ETFs recorded a net outflow of US$ 323.5 million. The largest ETF, BlackRock's iShares Bitcoin Trust (IBIT), had an outflow of US$ 292.2 million — one of the largest daily withdrawals of 2025.

Capriole reveals that corporate treasury interest remained strong throughout July, with the largest day, July 21, recording purchases exceeding 26,700 BTC (US$ 3 billion).

Commenting on the data, the founder of Capriole, Charles Edwards, noted that on the rare occasions when treasuries register large outflows, local BTC price funds tend to be close.

“Every time the daily sales of Bitcoin treasury companies exceeded 1,500 in the last cycle, it was in local price funds — that is, a buy signal,” he told his followers on platform X on Tuesday.

The last time such outflows were recorded was on March 31, when treasuries sold more than 1,700 BTC (US$ 194 million). The BTC/USD pair fell to lows of US$ 74,500 about a week later.