As of Friday June 3, Brazilians have one more option to diversify their investment in new technologies by investing on the Brazilian stock exchange.

As of Friday June 3, Brazilians have one more option to diversify their investment in new technologies by investing on the Brazilian stock exchange.  META11, the newest product listed on B3, is an ETF (Exchange Traded Fund – index fund) managed by Hashdex with exposure to assets from the metaverse ecosystem.

The key advantage of this fund is that its focus is not on traditional cryptoassets. Instead, META11 replicates the CF Digital Culture Composite Index – Modified Market Cap Weight – BRT. This index provides diversified exposure to the blockchain entertainment industry, bringing together NFTs (Non-Fungible Tokens) and tokens from key applications. Games and digital universes – such as Decentraland, Axie Infinity, The Sandbox – as well as cryptoassets for various applications – such as Chiliz and Ethereum – are part of the current composition of this index.

META 11 is managed by Banco Genial S.A. and provides insurance coverage against theft and loss for its invested assets, which are maintained by institutional custodians in digital portfolios disconnected from the internet, thus creating an additional protection layer against possible hack attempts.

META 11 starts on the market at a price close to BRL50.00, giving the opportunity for investors in general to diversify their investments in the metaverse by investing small amounts. However, it should be noted that each investor is required to know their risk profile, risk appetite and how financial market products function before making an investment, while making sure that it is in line with their strategy and financial objectives.

B3 provides a full online course called “How Cryptocurrency ETFs Work” with free access through the B3 educational hub. Click here for further information. For a brief explanation on how ETFs work, click here.