June 23, 2024

New ETF with 100% Ethereum exposed for the first time in B3; Exchange up to 5 crypto ETFs

2 min read

São Paulo – In a wave of new crypto-related products in the Brazilian market, the fifth cryptocurrency index fund (ETF) of B3 appeared this Thursday (18th), the second with 100% exposure to ether (This token is also rede Ethereum).

Created by the Hashdex manager, the reference price for Hashdex Nasdaq Ethereum will be traded with the token ETHE11. Pricing starts at R$50, with an administration fee of 0.7% per annum.

This ETF will mirror the Hashdex Nasdaq Ethereum ETF, a fund created in the Cayman Islands that offers investors exposure to Ether. This fund, in turn, aims to replicate the Nasdaq reference price of Ethereum (NQETH), an index developed by Nasdaq to calculate the price of Ether in real time.

HASH11, which reflects a basket of digital currencies and is subject to rebalancing every three months. Also, this month they released BITH11, called the first green ETF of Bitcoin Brazil.

According to the director, BITH11 was developed with the aim of neutralizing carbon emissions from investing in Bitcoin.

Other Crypto ETFs

The Brazilian also has two other ETFs in the market, both from QR Capital.

released in July, and QBTC11 It was the first ETF in Latin America with 100% exposure to Bitcoin. With a management fee of 0.75% per annum, the product duplicates the reference price of the CME CF Bitcoin, a benchmark for Bitcoin futures traded on the US exchange “Chicago Mercantile Exchange Group”.

Earlier this month, the director fired QETH11The first ETF in Latin America with 100% exposure to Ethereum. It also has an administration fee of 0.75% per annum and seeks to replicate the benchmark rate performance of CME CF Ether, which tracks the dollar price of Ether.

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