The QR Ethereum ETF (QETH11) is a Brazilian exchange-traded fund designed to provide exposure to the price performance of Ethereum (ETH) through investments linked to international benchmarks associated with the cryptocurrency. The ETF is managed by QR Asset Management and trades under the ticker QETH11 on the B3.

Classified as a cryptocurrency ETF, the fund follows a passive management strategy. Its objective is to provide investors with exposure to Ethereum through a regulated investment vehicle, eliminating the need to directly purchase, store, or manage digital assets through cryptocurrency exchanges or private wallets.

Composition / Exposure profile

QETH11 provides exposure primarily associated with:

• Indirect exposure to Ethereum (ETH).

• Blockchain technology.

• Smart-contract ecosystems.

• Decentralized-finance (DeFi) applications.

• Digital-asset markets.

• Cryptocurrency investments.

• Global crypto-market dynamics.

• Alternative investment strategies.

The fund offers investors exposure to Ethereum without requiring direct custody of digital assets, private-key management, or interaction with cryptocurrency trading platforms.

Performance is generally influenced by Ethereum price movements, blockchain adoption, network activity, technological developments, regulatory changes, investor sentiment, and broader conditions affecting global cryptocurrency markets.

Structure and costs

QETH11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption occur through authorized participants, helping to align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee, in addition to costs associated with institutional custody services and other operational expenses required to maintain the ETF structure.

QETH11 does not apply a performance fee and does not provide recurring income distributions, as gains and losses generated by the portfolio are incorporated directly into the ETF’s share value.

History and evolution of the ETF

The QR Ethereum ETF was launched with the objective of facilitating access to Ethereum through the Brazilian stock exchange using a regulated investment structure that removes the operational complexities associated with direct cryptocurrency ownership.

Since inception, the fund has become part of the growing cryptocurrency ETF segment in Brazil, reflecting increasing investor interest in blockchain technology and digital assets.

Its structure relies on specialized institutional custody providers, while performance has reflected fluctuations in Ethereum prices, influenced by technological innovation, network adoption, international liquidity conditions, regulatory developments, and broader trends across the cryptocurrency market.

Additional Information

QR Ethereum ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $179.15 million.

Over the past 12 months, QR Ethereum ETF recorded a return of -53.50%, with its price trading between $5.76 and $18.53 during the same period.

The ETF is traded under the ticker QETH11.