VanEck, in partnership with Brazilian asset manager Investo, has announced the launch by Investo of a new crypto-focused Exchange Traded Fund on the B3 in Brazil.
The Investo VanEck ETF MVIS Crypto Compare Smart Contract Leaders Brazil Fundo de Índice – Investimento no Exterior (ticker: BLOK11) focuses on smart contract exposure.
BLOK11 seeks to track the performance of the MVIS CryptoCompare Smart Contract Leaders Brazil Index (MVSCBR), providing exposure to the largest and most liquid smart contract1 assets globally, which are open-source blockchain software protocols that enable instant, permissionless 365/24/7 global value transfer. This index considers Brazilian trading parameters.
This fund marks the latest expansion of VanEck’s product lineup in Brazil, closely following the mid-March launch of four ETF BDRs. “We’re very pleased that these new funds are available to the Brazilian marketplace, providing compelling solutions for those investors looking for ways to add targeted, differentiated exposures to the digital assets universe,” says Jan van Eck, CEO of VanEck.
“We are living in an age of rapid technology development that demands us to be up-to-date at all times on the new applications leveraging cutting-edge technology around the world. Therefore, Investo is proud to accompany this evolution with the launch of BLOK11. With this ETF, we bring to life a simple and intelligent way to invest in the smart contracts sector in a diversified manner,” says Cauê Mançanares, CEO of Investo.
This fund is also part of an ongoing effort by VanEck to deliver exposure to digital assets to investors in major markets around the globe. For example, in January, VanEck’s European arm launched an Exchange Traded Note (ETN) on the Deutsche Borse Xetra and SIX Swiss Exchange that allows investors to invest in a selected basket of the largest cryptocurrencies with the greatest liquidity, including bitcoin, Ethereum, and Solana. The firm also now offers ETNs to European investors that provide exposure to the spot prices of crypto assets such as Bitcoin, Ethereum, Solana, Avalanche, and more.