Now Brazil Has A Bitcoin ETF Too

Happy Friday, Blockfolians

The Lede

By any measure it has been a good week for institutional Bitcoin adoption. Morgan Stanley added three new funds and is reportedly in the bidding for South Korean exchange Bithumb.

On top of that, Grayscale announced that it had $45B assets under management, and the SEC published the Van Eck Bitcoin ETF application, formally kicking off the review process.

What’s more, Brazil became the second country in the Americas (after Canada) to actually approve an ETF. Many are hoping that with pro-crypto Gary Gensler at the help of the SEC, the US won’t be long to follow.


Highly Relevant Reading

  • Tony Hawk getting in on the NFT game

  • Cardano’s ADA is officially tradable on Coinbase

  • British Billionaire Alan Howard is one of CoinShares largest shareholders

  • Another $150M in Bitcoin mining sales to two firms


Community Commentary

The mainstream is coming.
The man’s not wrong

A Really Big Number We Should Be Paying Attention To

$10B

That’s the total circulating supply of USDC


Final Thought

Thank you, Hal