Brazilian investment bank BTG Pactual is launching a new fund in which the company’s clients can invest in Ethereum, according to a statement today. The fund, named BTG Pactual Reference Ethereum 20, will invest 20% in ETH, the cryptocurrency of the altcoin project, and 80% in fixed income. André Portilho, partner of BTG Pactual, emphasizes that Brazil is the largest known community in the whole world. Let’s continue with the details…
The leading altcoin will be offered to the bank’s customers at these rates
BTG Pactual shared the following ratios regarding the Ethereum fund in its statements during the day:
- Fund named “BTG Pactual Reference Ethereum 20” will invest 20% in ETH and 80% in fixed income
- Investments require a minimum of 100 Brazilian Reais ($17.74) and an annual management fee of 0.5%.
The Brazilian investment bank also joins two other Bitcoin-focused funds it launched earlier this year: BTG Pactual Reference Bitcoin 20 and BTG Pactual Reference Bitcoin 100.
André Portilho, partner of BTG Pactual and head of Digital Assets, made the following statements regarding the Ethereum fund in a Portuguese press release:
Democratizing access to the cryptocurrency market has been one of our goals in creating these products. Crypto is already known all over the world and Brazilian investors are following the growing relevance of this sector, but they are not necessarily in control of the bureaucracy required to operate this asset. the same ease as they are used to when investing in any fund.
Binance exchange announced on December 9 at 10:55 PM that it will suspend deposits and withdrawals of Ethereum (ETH) and ERC-20 tokens. cryptocoin.com You can take a look at the details we conveyed here.
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