Brazil now has 16 cryptocurrency ETFs, with BLP, Hashdex, and QR Asset as the main fund management companies

ChainCatcher news, Brazil now has 16 cryptocurrency ETFs, along with other crypto-related funds. Brazil's first crypto ETF was approved in 2020, and the management company BLP launched a crypto investment fund in Brazil in 2017.

BLP, Hashdex, and QR Asset are the main cryptocurrency fund management companies in Brazil. More than half of the 16 cryptocurrency ETFs come from Hashdex (6 funds) and QR Asset (4 funds). Hashdex and QR have a crypto asset risk exposure of up to 100%.