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QBTC11

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1d
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1m

Analysis and statistics

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About

QBTC11.SA is a Brazilian Exchange Traded Fund (ETF) that seeks to replicate the performance of the Nasdaq Bitcoin Reference Price Index (NQBTC). It offers Brazilian investors a way to gain exposure to Bitcoin without directly owning the cryptocurrency. The ETF is traded on the B3 (Brasil Bolsa Balcão) stock exchange and is denominated in Brazilian Real (BRL).
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Factors

Bitcoin Price: QBTC11.SA aims to track Bitcoin's performance, so Bitcoin's price significantly impacts its ETF value. A rise in Bitcoin price typically increases QBTC11.SA's price, and vice-versa.

Supply and Demand: Market demand for QBTC11.SA shares also plays a role. Higher demand can push the ETF price above its net asset value (NAV), creating a premium, while lower demand can cause a discount.

Exchange Rate: As QBTC11.SA trades in Brazilian Real (BRL) and Bitcoin is priced in USD, fluctuations in the BRL/USD exchange rate influence the ETF's BRL price. A stronger Real can lower QBTC11.SA's price, and vice-versa.

Regulatory Changes: New regulations regarding cryptocurrencies or ETFs in Brazil can affect investor sentiment and trading activity, impacting QBTC11.SA's price.

ETF Management Fees: The ETF's management fees and expenses are deducted from its assets, which can slightly reduce its return and, consequently, its price over time.

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