ETFs, which are exchange-traded funds, which have crypto assets in their basket of assets, are fueling the market recovery. Currently, there are 13 cryptocurrency exposures, starting with traditional Bitcoin (BTC) And Ethereum (ETH) the Decentralized Finance (DeFi).
Within a month, Bitcoin and Ether – major encrypted From the market – the accumulation of an increase of 35% and 32%, respectively. Check out ETFs, and how much each one of them earns in the same period:
The first of these was HASH11, from Hashdex, which is up 34.92% in one month and is trading at R$20.75. From the same manager, the DEFI11 index – which focuses on decentralized finance – is up 39.40%. In addition, QR Asset’s QDFI11 is also focused on DeFi, up 38.78%.
Hashdex’s WEB311, with its Web3-focused assets, is leading the rally, up 52.55% in the period, while ETFs focused on NFTs – NFTS11 – are up 22.70%.
The Vítreo Index Fund, which is now Empiricus, has a CRPT11, which has a value of 29.37%. Thesis ETF is a basket of the world’s top 20 crypto assets.
BLOK11, also for smart contracts, from manager Investo, is up 10.11% and META11 from Hashdex – focused on the metaverse – up 52.48%. The most recent one, BITI11 from itach, is up 35.22%.
What is the secret of WEB311 and META11?
Both ETFs are up more than 50% since the start of the year. The reason for this is the composition of its origins. Unlike the first, and more traditional, both were subjected to Digital currencies Alternatives to bitcoin and even ether.
Hashdex’s WEB311 has the three most weighted assets in the index fund: Ethereum (22.5%), Solana (22.25%) and Cardano (22.5%).
Ethereum alone is already adding up to 32% on the year, while Solana, initially spurred by the BOINK memecoin, has engaged in a 109% rally in the same period.
Cardano, in turn, is accumulating a gain of 44.65% in the same period.
META11 already owns 22.44% of Shiba Inu (INU) in its basket of assets, which has accumulated a gain of 44.45% in the 30-day period. In addition to memecoin, the index fund also invests in Ethereum (15%) and ApeCoin (13.61%).
The latter, a cryptocurrency tied to the largest collection of NFTs in the Bored Ape Yacht Club market, increased by 56.25%.
The fund also contains Gala Games, and although it accounts for 7.23% of the basket of assets, the cryptocurrency associated with the blockchain gaming ecosystem has gained 178.85% over the same period.