B3 releases ranking of most profitable crypto ETFs in 2024
Currently, the 14 ETFs registered on the exchange are linked to cryptoactive indices. Among them, there are funds linked to Bitcoin, Ethereum, NFTs, metaverse, and wallets that combine multiple assets.
As the table makes clear, the two main highlights are Hashdex funds, HASH11 and BITH11, with increases in the last 12 months of 69.77% and 72.49%, respectively.
Among the cryptoactive ETFs on the Brazilian stock exchange, those linked to DeFi (Decentralized Finance) and metaverse had modest performances, not surpassing the 4% increase in the last year. These products represent emerging and still new sectors in the crypto market.
DeFi (Decentralized Finance) ETFs, for example, invest in assets related to platforms that seek to transform the traditional financial system using blockchain and smart contracts.
Metaverse ETFs invest in assets connected to virtual environments and interactive digital experiences, where users can work, socialize, play and carry out economic transactions.
In other words, Brazilian ETF investors still prefer to invest in products associated with more relevant cryptocurrencies, such as Bitcoin, Ethereum, and other more consolidated altcoin options on the market.
Source: B3
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