Complete guide: Who the funds with exposure to Bitcoin and cryptomoedas approved by CVM

The Cointelegraph has prepared a complete guide with all the information about the investment funds with exposure in cryptomaps and that are approved by the Securities and Exchange Commission, check out

Since 2019, Brazilian investors who do not want to mine, buy Bitcoin or cryptomoedas in exchanges or in the p2p mecado and wish to have an exposure to the cryptomoedas market, count on Investment Funds approved and regulated by the Securities and Exchange Commission, CVM.

Bitcoin, stablecoins and tokens are ‚welcome‘ in the Brazilian Central Bank Sandbox

The funds authorized by CVM in Brazil are from multi-market funds that have crypto exposure but are not composed 100% in cryptoactive and funds with 100% crypto exposure.

Unprecedented research by CVM reveals that Brazilian investors like Bitcoin and cryptomoedas

However, by CVM determination, some funds are destined only for qualified investors (which have more than R$ 1 million in proven investment) and others that are destined for retail investors.

‚Bitcoin historical value in Brazil is linked to the devaluation of the real with the dollar‘, declares Bitcoin Trade founder

Currently the funds are offered by 4 managers: QR Asset, Vitreo, Hashdex and BLP, each of which has its own rules, compositions and objectives.

The Cointelegraph has prepared a guide with each of the available funds and their rules, check them out.
Hashdex

The company that is part of Banco BTG Pactual has 4 funds with exposure in cryptomoedas

  • HASHDEX CRIPTOATIVOS DISCOVERY FIC FIM
  • HASHDEX CRIPTOATIVOS EXPLORER FIC FIM
  • HASHDEX CRYPTOACTIVE VOYAGER FIM IE
  • HASHDEX BITCOIN FULL 100 FIC END

Fund cryptomaps are held in custody at Fidelity Digital, Coinbase Custody and regulated exchanges in the U.S.
Hashdex Cryptoactive Discovery FIC FIM

Feature: managed by BTG Pactual Serviços Financeiros S.A. DTVM]

Composition: 20% of its assets in quotas of offshore investment funds that seek to replicate the Hashdex Digital Assets Index (Nasdaq: HDAI); and 80% of exposure to highly liquid assets that seek returns similar to the CDI.

Cryptomoedas that integrate the HDAI – Bitcoin 73.88%; Ethereum 13.10%; XRP 3.22%; Bitcoin Cash 1.52%; Binance Coin 1.32%; Chainlink 1.21%; Litecoin 1.10%; Bitcoin SV 0.96%; EOS 0.75%; TRON 0.58%; Stellar 0.49%; Tezos 0.44%; Cosmos 0.36%; Neo 0.34%; Aave 0.20%; Dash 0.20%; Ethereum Classic 0.19%; OMG Network 0.13%

Review of the assets that make up the fund: Quarterly

Fees: Management fee of 1% per year and no performance fee

Redemption rules: Must be requested in up to D+5 (runs) with redemption payment in D+2 (useful after quote)

Who can invest: Free for retail investors

Minimum amount to invest: Minimum initial investment is R$ 500 and the investor must remain with at least R$ 250 balance and minimum movement of R$ 100

In which brokerage house can I have access to invest in the fund: XP Investimentos, BTG, Warren, Guide, Genial, Icap, Necton, RIco, Órama, Easyinvest, active, Mycap

Custody value and investors: Not informed

Additional information can be accessed from the link.

Hahdex Cryptoactive Explorer FIC FIM

Feature: managed by BTG Pactual Serviços Financeiros S.A. DTVM

Composition: 40% of its assets in quotas of offshore investment funds seeking to replicate the Hashdex Digital Assets Index (Nasdaq: HDAI); and 60% exposure to highly liquid assets seeking returns similar to the CDI

Cryptomoedas that integrate the HDAI – Bitcoin 73.88%; Ethereum 13.10%; XRP 3.22%; Bitcoin Cash 1.52%; Binance Coin 1.32%; Chainlink 1.21%; Litecoin 1.10%; Bitcoin SV 0.96%; EOS 0.75%; TRON 0.58%; Stellar 0.49%; Tezos 0.44%; Cosmos 0.36%; Neo 0.34%; Aave 0.20%; Dash 0.20%; Ethereum Classic 0.19%; OMG Network 0.13%

Review of the assets that make up the fund: Quarterly

Fees: Management fee of 1% per year and no performance fee

Redemption rules: Must be requested in up to D+5 (runs) with redemption payment in D+2 (useful after quote)

Who can invest: Only qualified investors (who have more than R$ 1 million invested and declared)

Minimum amount to invest: minimum initial investment of R$ 10 thousand and the investor must remain with at least R$ 2,500 of balance and the minimum movement is R$ 1 thousand

In which brokerage house can I have access to invest in the fund: XP Investimentos, BTG, Warren, Guide, Genial, Icap, Necton, RIco, Órama, Easyinvest, active, Mycap

Custody value and investors: Not informed