Galaxy Digital Holdings Ltd. and Itaú Asset Management ("Itaú Asset") the private asset manager in Latin America, announced a strategic partnership to develop a comprehensive suite of Brazilian-listed, physically backed, digital asset exchange-traded funds. The first ETF of this new partnership, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11), will start trading at the market's open on November 10, 2022, on the B3 Stock Exchange as part of Itaú Asset's broader ETF suite, the IT Now Series. The initial product will offer investors exposure to Bitcoin, the cryptocurrency by market cap.

Galaxy and Itaú Asset aim to expand the suite over time to include other diversified strategies in the digital asset space.