​Brazilian BTG Pactual Launches New ETH Fund BTG Pactual has | Cryptocurrency Bitcoin NEWS

​Brazilian BTG Pactual Launches New ETH Fund

BTG Pactual has launched a new multi-marketing fund with access to Ether (ETH), the Brazilian investment bank announced today.

The fund, dubbed BTG Pactual Reference Ethereum 20, has a 20% impact on ETH, the Ethereum network's own cryptocurrency, and 80% on fixed income. This requires a minimum investment of R $ 100 (US $ 17.74) and an annual administration fee of 0.5%.

BTG Pactual Reference Ethereum 20 joins two other bitcoin-focused funds the bank launched earlier this year - BTG Pactual Reference Bitcoin 20 and BTG Pactual Reference Bitcoin 100. This will be the 14th fund in the bank's Reference family, a series of funds that track the performance of technology companies, semiconductors and biotechnology among other sectors.

“Democratizing access to the cryptoasset market was one of our goals in creating these products,” said André Portillo, Partner and Head of Digital Assets at BTG Pactual in a press release in Portuguese. “Cryptocurrency is already known almost all over the world and Brazilian investors are watching the growing relevance of this sector, but they do not have to deal with the bureaucracy required to work with this asset. Now they can get this opportunity with the same ease to which they are accustomed to investing in any fund. "

Several crypto funds were launched in Brazil this year, including the Ethereum Exchange Traded Fund (ETF) QR Capital QETH11.