Bitcoin transactions fell in September. Photo: André François McKenzie
A QBTC11 share of QR Capital, Latin America’s first index fund (ETF) 100% focused on bitcoin, closed on Monday at R$20.23, double its value of R$10 at its launch on June 23rd. With that, the background that is in trading on B3 it has around R$193 million in assets under management.
In this same period, the price of bitcoin went from US$ 33,723 to R$ 57,484, that is, an increase of around 60%.
For Fernando Carvalho, CEO of QR Capital, the ETF facilitates access to bitcoin, which helps explain the acceptance of the product. Therefore, it also allows for portfolio diversification, he added.
The movement of bitcoins on exchanges in Brazil last September totaled 28,236.66, around R$ 6.9 billion. According to what companies declared, this represents a drop of 10.8% over the 31,657.06 bitcoins in August, shows a survey by Coinmarketmonitor. In the same period, there was a drop of 9.41% in transactions in reais. D
According to the Coinmarketmonitor, a Binance accounted for 32.3% of bitcoin transactions in Brazil in September. This means a 2.5% drop in its share.
The day with the highest bitcoin movement was on September 7, with 2,402.54 BTC, equivalent to R$594,518,435.86. In part, this is explained because on that day, El Salvador started to have the currency as official, which encouraged bitcoin transactions. The lowest movement was on the 25th, at 302.69 BTC, or R$69,749,353.50.