A Brazilian investigation found that the asset management scale of Brazil's spot Bitcoin ETF is close to 100 million US dollars. As of November 21st, the total AUM of these ETFs was 96.8 million US dollars, with Hashdex's Nasdaq Bitcoin reference price FDI (BITH11) leading the way. As of November 21st, the management asset scale was 57.8 million US dollars, and the market share was about 60%.

Other spot Bitcoin ETF providers in Brazil include Itau Asset Management, which partnered with Mike Novogratz's Galaxy Digital to launch a fund last year, and QR Capital's products launched in 2021, with an asset management scale of 36 million US dollars.