While the US spent years arguing about whether a spot Bitcoin ETF should exist, Brazil went ahead and built an entire crypto ETF ecosystem. The country’s B3 exchange now hosts at least 22 ETFs offering full or partial exposure to digital assets, and the pipeline for 2026 shows no signs of slowing down.
Brazil’s crypto ETF factory
Hashdex, the Brazilian asset manager that has quietly become one of the most important names in crypto funds globally, has been the primary engine behind this expansion. The firm launched what it calls the world’s first Solana ETFs back in September 2024, then followed up with the first XRP ETF in April 2025.
The next product on Hashdex’s roadmap is perhaps the most interesting. A hybrid Bitcoin-and-gold ETF, trading under the ticker GBTC11, is scheduled to launch on July 29, 2025. The concept of packaging Bitcoin alongside gold in a single wrapper is a direct pitch to investors who want digital asset exposure but aren’t ready to go all-in on crypto volatility.
Why Latin America is moving faster than you think
