Two DeFi ETFs Are Launching In Brazil This Month

• QR Capital’s asset management business in Rio de Janeiro beat it to the punch on February 8 when it listed its own on B3. The Bloomberg Galaxy DeFi Index, which covers nine assets, is referenced by the ETF QDFI11. This ETF presently has the equivalent of $7.4 million in net assets, according to the QDFI page. QR Asset Management is in charge of assets worth approximately $145.2 million.

• A crypto asset management with offices in Menlo Park, California, and Rio de Janeiro, was the first to announce the introduction of a DeFi ETF on Brazil’s B3 stock exchange. After notifying the market of the listing on January 19, it debuted DEFI11 today. The CF DeFi Composite Index, which tracked 12 digital assets across dApps, service protocols, and settlement networks as of January, is mirrored by this ETF.

• Hashdex stated the DeFi ETF has attracted 2,200 confirmed investors and raised $10.5 million in an early Thursday news release shared with The Block. However, according to the Brazilian finance publication InfoMoney, this figure was barely over 10% of the firm’s initial estimate. Hashdex manages a total of more than a billion dollars in assets.

In recent weeks, two companies competed to launch the world’s first DeFi exchange-traded funds in Brazil.

DeFi ETF Has Attracted 2,200 Confirmed Investors And Raised $10.5 Million

Hashdex, a crypto asset management with offices in Menlo Park, California, and Rio de Janeiro, was the first to announce the introduction of a DeFi ETF on Brazil’s B3 stock exchange. After notifying the market of the listing on January 19, it debuted DEFI11 today. The CF DeFi Composite Index, which tracked 12 digital assets across dApps, service protocols, and settlement networks as of January, is mirrored by this ETF.

Hashdex stated the DeFi ETF has attracted 2,200 confirmed investors and raised $10.5 million in an early Thursday news release shared with The Block. However, according to the Brazilian finance publication InfoMoney, this figure was barely over 10% of the firm’s initial estimate. Hashdex manages a total of more than a billion dollars in assets.

ETF Presently Has The Equivalent Of $7.4 Million In Net Assets

Despite Hashdex being the first to announce the creation of a DeFi ETF, QR Capital’s asset management business in Rio de Janeiro beat it to the punch on February 8 when it listed its own on B3. The Bloomberg Galaxy DeFi Index, which covers nine assets, is referenced by the ETF QDFI11. This ETF presently has the equivalent of $7.4 million in net assets, according to the QDFI page. QR Asset Management is in charge of assets worth approximately $145.2 million. In Brazil, interest in crypto ETFs has exploded in the last year or two, with Hashdex and QR Capital leading the charge.