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The It Now Bloomberg Galaxy Bitcoin Fundo de Índice (BITI11) is a Brazilian exchange-traded fund designed to provide exposure to Bitcoin through investments linked to the Bloomberg Galaxy Bitcoin Index. The ETF is managed by Itaú Asset Management and trades under the ticker BITI11 on the B3.
Classified as a cryptocurrency ETF, the fund follows a passive management strategy. Its structure invests in financial instruments linked to the Bloomberg Galaxy Bitcoin Index, which may include international positions and derivative instruments, seeking to reflect Bitcoin’s performance relative to the Brazilian real.
Composition / Exposure profile
BITI11 provides exposure primarily associated with:
Bitcoin.
Cryptocurrency markets.
Digital assets.
Blockchain-related investment themes.
Institutional Bitcoin exposure.
Global crypto markets.
Alternative investment strategies.
Indirect exposure to Bitcoin through financial instruments.
The ETF seeks to reflect the performance of the Bloomberg Galaxy Bitcoin Index, a benchmark widely used as a reference for Bitcoin pricing in local currency terms.
The ETF’s performance is particularly sensitive to fluctuations in Bitcoin prices, cryptocurrency-market volatility, and changes in institutional and retail demand for digital assets.
Structure and costs
BITI11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).
The fund charges a management fee and does not apply a performance fee, according to its regulations. BITI11 does not provide recurring income distributions, as portfolio results are reflected directly in the value of the fund’s shares.
History and evolution of the ETF
The It Now Bloomberg Galaxy Bitcoin Fundo de Índice was launched in 2022 with the objective of providing access to Bitcoin through the Brazilian stock exchange using a regulated structure with professional custody arrangements.
Since inception, the fund has become part of the growing cryptocurrency ETF segment in Brazil, reflecting increasing investor demand for digital-asset exposure through regulated investment vehicles.
In recent years, BITI11 has reflected the volatility of the cryptocurrency market, influenced by macroeconomic developments, institutional adoption trends, regulatory conditions, and the global supply-and-demand dynamics of Bitcoin.
Additional Information
It Now Bloomberg Galaxy Bitcoin Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $867.93 Millions.
Over the past 12 months, It Now Bloomberg Galaxy Bitcoin Fundo de Índice recorded a return of -45.42%, with its price trading between $27.96 and $182.98 during the same period.
The ETF is traded under the ticker BITI11.
