Odaily News Brazil already has 16 cryptocurrency ETFs, and there are other crypto-related funds. Brazil's first crypto ETF was approved in 2020, and the management company BLP launched a crypto investment fund in Brazil in 2017. BLP, Hashdex and QR Asset are the main cryptocurrency fund management companies in Brazil. More than half of the 16 cryptocurrency ETFs come from Hashdex (6 funds) and QR Asset (4 funds). Hashdex and QR have a 100% exposure to crypto assets.