The Buena Vista Neos Bitcoin High Income ETF (COIN11) is a Brazilian exchange-traded fund designed to provide exposure to Bitcoin combined with an income-generation strategy. The ETF is managed by Buena Vista Capital and trades under the ticker COIN11 on the B3.
Classified as a fixed-income ETF, the fund seeks to reflect the performance of instruments associated with liquidity preservation and cash management in Brazil. The ETF follows a passive management strategy, maintaining a portfolio aligned with the composition and methodology of its benchmark index.
Diversification and sector exposure
COIN11 provides exposure primarily associated with:
• Bitcoin-linked financial instruments.
• Cryptocurrency markets.
• Options-based income strategies.
• Digital assets.
• Bitcoin derivatives.
• International crypto exposure.
• Volatility-driven strategies.
• Monthly income-generation structures.
The ETF’s performance is particularly sensitive to fluctuations in Bitcoin prices, cryptocurrency-market volatility, and changes in investor sentiment toward digital assets.
Structure and costs
COIN11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).
The fund charges a management fee and does not apply a performance fee. According to the fund’s policy, COIN11 distributes income on a monthly basis, primarily associated with the options strategies implemented within the portfolio.
Because the ETF combines Bitcoin exposure with derivatives-based income strategies, its performance may reflect both cryptocurrency-market volatility and the effects of options positioning.
History and evolution of the ETF
The Buena Vista Neos Bitcoin High Income ETF (COIN11) was launched in 2024 as part of the expansion of crypto-related investment products within the Brazilian market, seeking to broaden access to Bitcoin exposure through an ETF structure combined with income-generation mechanisms.
Since inception, the fund has reflected movements associated with Bitcoin markets and the evolution of cryptocurrency-focused investment products listed on the B3.
In recent periods, COIN11 has reflected both fluctuations in Bitcoin prices and the effects of the options strategies used within the fund’s management structure, highlighting the interaction between digital-asset exposure and derivatives-based income generation.
Additional Information
Buena Vista Neos Bitcoin High Income ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $264.01 Millions.
Over the past 12 months, Buena Vista Neos Bitcoin High Income ETF recorded a return of -40.16%, with its price trading between $38.81 and $97.00 during the same period.
The ETF is traded under the ticker COIN11.