Backpack Launches Tokenized Brazil ETF Amid Post-Election Market Rally
Key Highlights: Sen. Flávio Bolsonaro secured roughly 47% of the vote to edge out President Luiz Inácio Lula da Silva (~45%), advancing to an October 25 presidential runoff. Brazil’s domestic financial markets surged following the election results, with the Bovespa benchmark jumping over 8% and the Brazilian real gaining more than 4%. Market reactions underscored ...