[Brazil's Largest Private Asset Management Firm Itaú Asset Establishes Dedicated Cryptocurrency Division] According to Cointelegraph, Brazil's largest private asset management firm, Itaú Asset Management, has established a dedicated cryptocurrency division and appointed former Hashdex executive João Marco Braga da Cunha to lead the department. This division builds upon Itaú Asset's existing cryptocurrency products, including the bank's Bitcoin ETF and retirement funds offering digital asset investments. Itaú Asset manages over 1 trillion Brazilian reais ($185 billion USD) in assets for its clients. Cunha stated, 'The crypto asset space has unique characteristics for generating alpha returns. This is a relatively new market, and its volatility creates significant opportunities.' Cunha previously served as Portfolio Management Director at Hashdex, one of the first holders of cryptocurrency ETFs in Brazil.