Bottom in ether is BTG’s new bet in crypto. Photo: Peter Patal, Unsplash.
BTG Pactual, the first bank in the country to offer crypto-actives to clients, launched today (7) the fund BTG Pactual Reference Ethereum 20, with 20% exposure to crypto Ether (ETH). Digital currency is the second largest in market value.
Apart from the crypto ETH part, most of BTG’s new fund, ie the other 80%, is exposed to fixed income. In this type of investment, the return is predictable, that is, it is fixed in advance or follows some indices.
It is, therefore, the inverse of cryptocurrency quotes, as it is more predictable and less volatile. The minimum investment is R$100 and the administration fee is 0.5% per year. There is no performance fee.
BTG already has two funds with bitcoin exposure – one with 20% and the other with 100%. AND a crypto trading platform, Mynt. Furthermore, launched the real estate token ReitBZ, that is, with earnings linked to real estate. But this one can only offer abroad, due to the regulation in Brazil.
According to Portilho, people are used to investing in real estate “directly or through a vehicle. This is easy to explain and we were already carrying out operations with repossessed properties”.
BTG Pactual is the largest investment bank in Latin America and innovated in the sector by offering crypto. After them, other banks, such as Banco do Brasil and Itaú, offered their customers index funds (ETFs) in cryptocurrencies. These are investments by Hashdex and QR Assets and which the banks distributed.