Bitcoin against Brazilian Real surpasses 587,000: ETF fund frenzy and the triple drivers of the Brazilian market

As of June 27, 2025, Gate data shows that 1 BTC is exchanged for 587,674.25 Brazilian Real (BRL), marking the second highest position of the year. This exchange rate trend is closely linked to the strong appreciation of the Brazilian Real, continuous inflow of funds into Bitcoin ETFs, and the expansion of institutional holdings, together painting a new picture of the intertwining of emerging markets and crypto assets.

##Brazilian Real: Policy and Commodity-Driven Appreciation Cycle

• Exchange rate hits an 8-month high: USD/BRL fell to 5.4793, appreciating by 2.91% in the month and up 0.41% year-to-date.
• Core driving factors:
  • Tax Reform: The Brazilian Congress abolished the IOF tax on inflows, reducing the cost of foreign investment;
  • Relief from inflation: The June inflation rate dropped to 5.27% (below the expected 5.31%), easing the pressure for interest rate hikes by the central bank;
  • Export rebound: The growth in agricultural product exports and the inflow of funds from the Salto do Lontra oil field have boosted the demand for the real.
• Gate liquidity advantage: The platform supports Pix instant payments and bank transfers, providing over 3,600 cryptocurrency assets' BRL trading pairs, offering Brazilian investors a low-friction exchange channel.

##Bitcoin ETF: The Influx of Unhedged Funds Reshapes Market Structure

• Continuous net inflows for 13 days: On June 26, Bitcoin spot ETF had a single-day net inflow of 228 million USD, with BlackRock's IBIT accounting for 164 million USD, and total historical inflows exceeding 52.156 billion USD.
• Institutional Confidence Verification: Research by Glassnode and Avenir Group shows that over 80% of ETF funds are unhedged pure long positions, indicating traditional capital's long-term allocation demand for Bitcoin.
• Linkage with the Real: Brazilian investors' indirect holdings of BTC through ETFs have increased, with Gate data showing that BTC/BRL trading volume rose by 30% on peak inflow days for ETFs, reflecting the local market's sensitive response to global capital movements.

##Macro Attributes Enhancement: Bitcoin's Positioning as a "New Safe-Haven Asset"

• Increased correlation with traditional assets:
  • The correlation with the S&P 500 and gold has increased, while it shows an inverse fluctuation with the US dollar index;
  • For every additional $1 trillion in global money supply, the price of Bitcoin could rise by $13,861.
• Institutionalization of the enterprise "currency hoarding" system:
  • The Japanese listed company Metaplanet increased its holdings by 1,234 BTC, bringing its total holdings to 12,345 BTC, surpassing Tesla;
  • The total Bitcoin reserves of publicly listed companies have surpassed 670,000 coins, accounting for 3.2% of the circulating supply.

##Brazil Market: A Fertile Ground for Improved Regulation and User Surge

• User base reaches 31.9 million: accounting for 14.58% of Brazil's total population, with an expected market revenue of 2 billion dollars by 2025.
• Gate's localization advantages:
  • Zero fiat deposit fee: Supports multiple channels for BRL recharge such as Pix, bank transfer, etc.;
  • Low trading costs: Spot market maker fee rate 0.1%, taker 0.2%;
  • Compliance: Although not licensed locally in Brazil, it complies with the anti-money laundering framework of CVM (Securities Commission).

##Future Outlook: Structural Opportunities in Volatility In the short term, the BTC/BRL exchange rate is influenced by three conflicting factors:

1. Real Policy Dividend: If inflation continues to decline, the central bank may shift towards lowering interest rates or weaken currency momentum;
2. ETF capital sustainability: If whale selling pressure (such as Chinese mining companies) accelerates, it may offset institutional buying.
3. Changes in Global Liquidity: The expectation of interest rate cuts by the Federal Reserve will strengthen Bitcoin's hedging properties.

The strengthening of Brazil's sovereign credit and the "digital gold" status of Bitcoin are jointly driving the largest economy in Latin America into a new era of cryptocurrency—when high-yield bonds meet borderless assets, volatility itself becomes the optimal entry signal.

Author: Blog Team *This content does not constitute any offer, solicitation, or advice. You should always seek independent professional advice before making any investment decisions. *Please note that Gate may limit or prohibit all or part of the services from restricted areas. Please read the user agreement for more information, link: