The Winklevoss twins’ cryptocurrency exchange Gemini will act as custodian and trading partner for BTG Pactual’s Bitcoin fund, the largest investment bank in Latin America.
We’re excited to announce that Gemini will serve as custodian and trade execution partner for @BTGPDigital‘s Bitcoin 20 Multi-Market Investment Fund, the first #bitcoin fund launched by a Brazilian investment bank!
Learn more on our blog ⬇️ https://t.co/RG5kVaOZgO
— Gemini (@Gemini) April 5, 2021
The BTG Pactual Bitcoin 20 fund invests 20% of assets under management in digital gold.
According to the statement, the fund will be the first of the cryptocurrency products that the Brazilian bank plans to launch.
On the American exchange side, services will be provided by the Gemini Custody and Gemini Fund Solutions units.
Brazil became the second country in the world, having registered a bitcoin ETF. Canadian regulators were the first to approve such an investment product.
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