Banco Itaú, one of the largest banks in Latin America, began selling cryptocurrencies to its customers.
Itaú recently announced that it will distribute Hashdex Crypto Selection FIC FIM in a cryptocurrency investment fund, which will be a basket of assets made up of different Hashdex ETFs.
It also launched other products related with Bitcoin, Ethereum and other cryptocurrencies.
Previously, the bank had spoken out against this new wave linked to cryptocurrency trading, as it associated it with money laundering.
However, as demand increased, supply changed.
Claudio Sanches, Director of Investment and Pension Products at Banco Itaú, stated in the crypto report: “With this action we demonstrate that we are attentive to the main market trends and promote the sophistication of our clients’ investment portfolio. We already offered crypto assets and access to the blockchain, and the possibility of this partnership to make the Hashdex Crypto Selection fund available expands the offer at this time. For customers who want this protection, we want to provide a product that we believe to have a more secure setup compared to morpopular alternatives, despite the extremely high volatility of the final asset.”
It is important to note that Banco Itaú is not the first to navigate these waters, other banks were the first to jump in, such as BGT Pactual, a bank in Brazil.
Nothing wants to be left out anymore, however, will everyone be able to surf this wave?
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