Technology linked to cryptocurrencies is a key part of the cryptocurrency universe

On Wednesday, June 22, Investo asset manager will launch a new ETF (Exchange Traded Fund) on B3 for investors wishing to diversify their investments in cryptoassets.

BLOK11 - Investo Smart Contract is an index fund that replicates in Brazil the performance of MVIS CryptoCompare Smart Contract Leaders Brazil (MVSCBR), an index designed to keep track of the appreciation of the country’s largest and most liquid smart contract assets.

Smart contracts are a key part of the smooth running of trades in the cryptocurrency universe. They are computer protocols of a digital nature that sign contracts between two anonymous parties and store this data in a public ledger. Unlike paper-signed contracts, smart contracts are self-executing and cannot be tampered with or misplaced, nor do they have interpretation issues.

With BLOK11, investors will gain a practical tool to acquire the major currencies linked to digital contracts all at once without having to leave the Exchange environment or take currency risk. This basket of assets contains some top cryptocurrencies, such as Ethereum and Cardano, which together account for more than 50% of the current index composition*.  

*Values from June 1^st, 2022.

BLOK11 is managed by BNP Paribas Bank Brazil and the portfolio is rebalanced monthly.

To invest in this cryptocurrency ETF, all you need to do is have an account with a brokerage house or financial institution authorized to trade equities with B3. It should be noted that each investor should know their profile, risk appetite and how financial market products are traded before acquiring any investment and make sure that the product they choose is in line with their strategy and financial objectives.

At B3, we provide a complete online course to deepen the knowledge of this type of product. The course is called How Cryptocurrency ETFs Work. Access to the course is free of charge and registration can be done on the B3 education hub.

If you are not familiar with how ETFs work, click here to learn more about these products.