HODL11

The Investo VanEck Bitcoin ETF Fundo de Índice (HODL11) is a Brazilian exchange-traded fund designed to provide exposure to Bitcoin through investments in shares of the VanEck Bitcoin ETF (HODL). The ETF is administered by BNP Paribas Brasil S.A. and trades under the ticker HODL11 on the B3.

Classified as a cryptocurrency ETF, the fund follows a passive management strategy. Its structure invests primarily in an international ETF that maintains direct exposure to Bitcoin, seeking to reflect the performance of the cryptocurrency in global markets without requiring investors to directly custody digital assets.

Composition / Exposure profile

HODL11 provides exposure primarily associated with:

• Bitcoin.

• U.S. dollar exposure.

• Cryptocurrency markets.

• Digital assets.

• Spot Bitcoin ETF structures.

• Blockchain-related investment themes.

• International crypto markets.

• Alternative investment strategies.

The ETF’s performance is particularly sensitive to fluctuations in Bitcoin prices, cryptocurrency-market volatility, and changes in institutional and retail demand for digital assets.

Regulatory developments, macroeconomic conditions, liquidity trends, and shifts in global risk appetite may directly affect the fund’s behavior. The ETF may also reflect developments associated with Bitcoin adoption, blockchain infrastructure growth, and changes in the broader digital-asset ecosystem.

Structure and costs

HODL11 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. HODL11 does not provide recurring income distributions, as gains generated by the portfolio are reinvested into the fund structure.

History and evolution of the ETF

The Investo VanEck Bitcoin ETF Fundo de Índice was launched in 2025 with the objective of expanding access to Bitcoin through the Brazilian stock exchange using an international ETF structure.

Since inception, the fund has become part of the growing cryptocurrency ETF segment in Brazil, reflecting increasing investor interest in digital assets and regulated investment vehicles linked to Bitcoin.

In recent periods, HODL11 has reflected fluctuations in Bitcoin prices across global markets, influenced by institutional adoption trends, market dynamics, regulatory developments, and international macroeconomic conditions.

Additional Information

Investo VanEck Bitcoin ETF Fundo de Índice (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $66.18 Millions.

Over the past 12 months, Investo VanEck Bitcoin ETF Fundo de Índice recorded a return of -44.86%, with its price trading between $52.25 and $112.81 during the same period.

The ETF is traded under the ticker HODL11.