NubankCrypto

✅ What is NBIT11?
• It is an ETF (Exchange Traded Fund) launched by NuInvest (Nubank) in partnership with Nasdaq.
• It tracks Bitcoin futures contracts traded on the CME (Chicago Mercantile Exchange).
• Unlike a spot ETF, it does not buy Bitcoin directly; instead, it tracks the price through futures contracts.

⸻

✅ Why is this important?
• First time in Brazil: Until now, there were ETFs backed by spot Bitcoin (cash market), such as HASH11. Now we have one focused solely on futures, something that has existed in the USA since 2021.
• More access to the crypto market: Brazilian investors can expose themselves to the price of Bitcoin without needing to open accounts with foreign brokers or deal with crypto custody.
• Regulation: It is traded on B3 (Brazilian Stock Exchange), within the rules of CVM.

⸻

✅ ETF Characteristics:
• Ticker: NBIT11
• Management fee: Approximately 0.70% per year (competitive rate for crypto ETFs in Brazil).
• Minimum investment: Starting from 1 share, which should cost in the range of R$ 10 to R$ 100 (expected initial value).
• Strategy: Track BTC futures contracts listed on the CME, adjusting positions monthly.

⸻

✅ Advantages for the investor:
• No need to buy Bitcoin directly.
• Greater security and regulatory compliance.
• Possibility of diversification on the Brazilian Stock Exchange.

✅ Risks:
• High volatility: BTC price can fluctuate significantly.
• Contango risk: In futures ETFs, when futures contracts are more expensive than the current price, the ETF may perform worse than spot Bitcoin.
#Ethereum #ETHETFS #NubankCrypto #ETFEthereum

Nubank and New Cryptocurrencies

Nubank announced on March 25, 2025, the inclusion of four new cryptocurrencies in its investment portfolio, expanding access to digital assets in Brazil.
#NubankCrypto
#BrazilCryptoAdoption $BNB