Cryptocurrency ETFs do better than other index funds on B3.
All five cryptoactive index funds (ETFs) on the Brazilian stock exchange, B3, are among the ETFs that have appreciated the most this year. The two QR Asset Management ETFs lead the ranking. Following are two from Hashdex. A third of Hashdex is in the 16th position, according to a study by Economatica.
Since hitting B3 on June 22, until November 25, the QR bitcoin ETF (QBTC11) has appreciated by 108%. In second place is QETH11, the company’s ethereum ETF, which hit the market on August 4th. Its profitability was 76.12%.
After them come two of Hashdex’s three ETFs. The return of the ethereum fund has appreciated 59.03% since August 18th, while the bitcoin fund has reached a percentage of 58.72% since August 5th. Hash11, an index fund of a basket of cryptocurrencies and the first in the country in the segment, reached 18.83%.
The percentages show that returns on cryptocurrency ETFs are among the highest of all such funds on B3 considering those that were launched before 2021.
QR Asset’s bitcoin ETF was also the sixth with the most shareholders, with 28,105. In September 2021, the total number of shareholders exceeded 600 thousand, according to figures from Anbima.
According to Economatica, in the fourth quarter there were 148 ETFs on B3. And the majority, 87, foreigners and 61 Brazilians. This is a much higher number than in 2020. For years, until the end of 2020, the number of ETFs was practically stable, with 22 to 30 shares traded on the B3.
But in March there were 75 ETFs listed on the B3, 36 of which were Brazilian and 39 were international. It was at this time that foreign funds surpassed national funds in quantity.