The Hashdex Crypto Momentum ETF (FOMO11) is a Brazilian exchange-traded fund designed to track the performance of the Kaiko Hashdex Risk Parity Momentum Crypto Index (KHASHMOM), a benchmark that provides dynamic exposure to the cryptocurrency market through a strategy combining momentum and risk parity.

Managed by Hashdex Gestora de Recursos Ltda., the ETF trades under the ticker FOMO11 on the B3 and provides Brazilian investors with diversified exposure to the global digital asset market through a regulated, exchange-traded investment vehicle.

Classified as a digital asset ETF, FOMO11 follows a passive management strategy. Its benchmark considers leading eligible cryptocurrencies by market capitalization and uses momentum to increase exposure to assets exhibiting stronger recent performance. At the same time, the methodology incorporates risk parity principles, taking the volatility of individual assets into account when determining portfolio weights.

FOMO11 is physically backed, meaning that its investment structure is backed by the underlying cryptocurrencies included in the benchmark rather than relying exclusively on derivatives or other investment vehicles to replicate its performance.

Composition / Exposure Profile

FOMO11 provides exposure primarily to:

• Large-cap cryptocurrencies.

• Bitcoin (BTC) and Ethereum (ETH), when eligible under the index methodology.

• Selected altcoins.

• A momentum-based investment strategy.

• Risk parity portfolio weighting.

• The global digital asset market.

The Kaiko Hashdex Risk Parity Momentum Crypto Index selects up to 12 leading eligible cryptocurrencies by market capitalization and assigns greater exposure to assets exhibiting stronger momentum based on recent performance. 

The methodology also incorporates the risk profile of each component when determining portfolio weights, seeking to balance risk contributions across the portfolio. The index is rebalanced monthly, allowing the strategy to adjust its exposure as momentum and risk conditions change across eligible cryptocurrencies.

Structure and Costs

FOMO11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption are conducted according to the procedures established by the ETF structure.

The fund charges a maximum total expense ratio of 2.00% per year, in addition to other expenses and charges established in its governing documents.

FOMO11 does not make recurring income distributions. Returns generated by the underlying assets are incorporated into the fund's net asset value. The ETF has an indefinite term.

History and Evolution of the ETF

The Hashdex Crypto Momentum ETF was launched in 2025 to provide Brazilian investors with a quantitative approach to cryptocurrency exposure through the B3.

The fund expanded Brazil's range of digital asset ETFs by introducing an approach distinct from single-asset products and traditional market-cap-weighted cryptocurrency strategies. Its methodology combines momentum and risk parity to dynamically adjust exposure across leading eligible digital assets.

Since its launch, FOMO11's portfolio has evolved through monthly rebalancing as market trends and the risk profiles of individual cryptocurrencies have changed. Its performance therefore reflects both broader cryptocurrency market cycles and the benchmark's systematic allocation across assets exhibiting different momentum and volatility characteristics.

Additional Information

Hashdex Crypto Momentum ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $21.96 million.

Over the past 12 months, Hashdex Crypto Momentum ETF recorded a return of -46.16%, with its price trading between $16.39 and $40.50 during the same period.

The ETF is traded under the ticker FOMO11.