Cryptocurrency ETF debuts on B3 as third largest ETF on the stock exchange

Charlie Taylor

Launched at 10 am on Monday (23) on the São Paulo Stock Exchange, Hashdex's cryptocurrency ETF, HASH11, already occupies the third position among the most traded ETFs of the day. noticed Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, "never heard of a new ETF that came close to the top 20, let alone the top 5".Ranking of B3 ETFs, with HASH11 standing in front of the IVVB11 (which mirrors the S & P500). Reproduction / Twitter.HASH11 is the first cryptocurrency fund in Brazil and is available to any investor. It is composed of a basket of crypto assets that can vary the percentages they occupy in the ETF, but currently they are: 73.51% bitcoin (BTC) 22.27% ether (ETH) 1.48% litecoin (LTC) 1.14% chainlink (LINK) 1.02% bitcoin cash (BCH) 0.57% stellar (XLM) The reference for ETF variation is always mirrored in the Nasdaq Crypto Index, jointly created by Hashdex and Nasdaq . In fact, Hashdex was the winner of the Cointimes Awards 2022 as the best crypto fund manager in Brazil. At the time of writing this article, the index fund already has a net worth of R $ 578.76 million.


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While US managers are still battling for SEC approval, the Securities and Exchange Commission in Brazil pioneered the approval of cryptocurrency ETFs. Right after the first crypto ETF in the world was approved in Canada, we had in Brazil the approval of HASH11 and QBTC11, from QR Capital. bitcoin. To better understand how the dynamics of exposing yourself to crypto assets by funds on the stock exchange works, watch the Conexão Satoshi that we did with Fernando Carvalho, CEO of QR Capital.

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