Brazil's B3 exchange hosts 22 crypto ETFs, Hashdex leads pipeline

Brazil's securities regulator, the CVM, treats digital assets as a standard category for fund approvals. The US SEC took years to approve a spot Bitcoin ETF. It has not approved standalone Solana or XRP products.

The funds give institutional and retail capital a channel into digital assets without requiring direct custody of tokens.

The hybrid fund targets investors seeking digital asset exposure without full crypto volatility. Brazil's real adds FX exposure for dollar-denominated investors. Regulatory shifts in emerging markets can be swift.

Brazil's B3 exchange lists more crypto ETFs than any market outside the US. The lineup includes products the US SEC has not yet approved.