RIO DE JANEIRO, BRAZIL - Many Brazilians invest in the stock market to supplement income or save. Among the diversified options available to them, a cryptocurrency fund revealed the growing interest in these assets in Latin America's largest economy.
When it went public in April, the Hashdex Nasdaq Crypto Index fund (HASH11) attracted R$615.2 million (US$121 million) from 28,300 buyers, according to data from portfolio manager Hashdex.
Nearly three months later, its assets total R$1.4 billion (US$276 million) from 131,000 investors, 69% of them individuals.
"We had pent-up demand. Whoever did . . .