Crypto ETFs traded on B3 posted strong weekly gains. The rally gained momentum after the US Department of the Treasury announced plans to expand buybacks of long-term bonds, which initially pushed Treasury yields lower and boosted risk-on assets.
The upward momentum accelerated as short positions were forced to cover. More than $4 billion in short positions were liquidated over two trading days, while Bitcoin reached its highest level since late May.
Demand for US ETFs also gained traction. US Bitcoin funds recorded $606.29 million in net inflows on Thursday, while Ethereum products captured $220.77 million. Solana and XRP ETFs also posted net inflows.
The recovery extended across various market segments. Bitcoin logged its largest weekly gain in two years, while XRP led the charge among major cryptocurrencies. Ethereum, Solana, Chainlink, Uniswap, and other tokens also posted substantial gains.
Thematic ETFs focused on the metaverse, smart contracts, and decentralized finance (DeFi) joined the rally. These funds carry exposure to lower-cap tokens with higher market sensitivity, contributing to sharp upward swings during the rebound.
XRPH11: +35,47%
XRPH11 recorded the largest gain among the analyzed ETFs. The fund tracks the Nasdaq XRP Reference Price Index and maintains concentrated exposure to XRP.
XRP stood out as the highlight of the recovery among top-cap cryptocurrencies. The token surged approximately 39% for the week, crossing $1.40 as Bitcoin’s rally spilled over into the altcoin market.
The performance also coincided with rising demand for regulated products. US-traded XRP ETFs gathered $13.24 million in net inflows on Thursday, tracking broader inflows across various crypto market segments.
ETHE11: +26,37%
ETHE11 tracked Ethereum’s sharp surge. The asset climbed roughly 26% during the week, outperforming Bitcoin over the same period.
Institutional demand fueled the move. US Ethereum ETFs pulled in $220.8 million on August 20, marking the largest single-day inflow in 203 trading sessions. Across four consecutive sessions, these products captured approximately $512.2 million.
Ethereum’s appreciation also boosted funds exposed to smart contracts, decentralized applications (dApps), and digital culture, segments where the network holds a dominant footprint.
META11: +24,09%
META11 tracks a basket of tokens linked to the metaverse, gaming, NFTs, and blockchain-based digital entertainment, replicating the CF Digital Culture Composite Index.
The ETF benefited from the broad altcoin recovery. Unlike funds focused solely on Bitcoin, its thematic exposure directs performance toward digital culture assets, which joined the market-wide surge.
A 10.82% gain on Friday alone demonstrates that a significant portion of the rise occurred late in the week as the crypto recovery spread across distinct niches.
WEB311: +23,08%
WEB311 tracks smart contract platforms. Its portfolio disclosed on August 18 held Ethereum and Solana as its top allocations (25.53% and 25.31%, respectively), followed by Hyperliquid, Cardano, Sui, Hedera, Near, and Avalanche.
The portfolio captured several of the week’s top performers. Ethereum jumped nearly 26%, Solana posted strong gains, and Hyperliquid rallied 36%.
Combining these exposures enabled the ETF to track recoveries across multiple blockchain networks, outperforming funds focused exclusively on Solana.
QDFI11: +22,88%
QDFI11 tracks the Bloomberg Galaxy DeFi Index, offering exposure to decentralized finance protocols. Key portfolio holdings included Uniswap, Aave, Injective, Maker, Lido, Synthetix, Compound, and Curve.
Performance was driven by rallies in sector-related tokens. Uniswap advanced 19.04% over the week, while Ethereum’s strength provided a favorable backdrop for protocols built on its network.
Concentration in DeFi tokens amplified the ETF’s participation in the altcoin rally, allowing it to outperform Bitcoin during the period.
SOLH11: +21,66%
SOLH11 provides concentrated exposure to Solana, seeking to track the Nasdaq Solana Reference Price Index. The fund holds at least 95% of its assets directly or indirectly exposed to the cryptocurrency.
Solana participated in the market-wide rally and saw inflows through US ETFs, which recorded $14.58 million in net inflows on Thursday.
The ETF’s performance closely matched broader market gains, though it lagged the sharper surges seen in Ethereum and XRP.
HASH11: +21.38%
HASH11 tracks the Nasdaq CME Crypto Index, providing diversified exposure to the crypto market. The fund aims to replicate the index in Brazilian Reais and can benefit from staking rewards.
The ETF’s performance reflected the breadth of the market rebound. Bitcoin and Ethereum advanced over 20%, while XRP, Solana, Chainlink, Uniswap, and other altcoins also closed the week higher.
Broad diversification allowed the fund to capture gains across multiple segments, helping its performance surpass BITH11, which focuses solely on Bitcoin.
DEFI11: +21.04%
DEFI11 delivers diversified exposure to the decentralized finance ecosystem, encompassing protocols that use smart contracts to deliver financial services on blockchain networks.
The rise tracked recoveries in DeFi tokens and smart contract platforms. Uniswap gained 19.04% for the week, while Ethereum surged nearly 26%.
Performance mirrored QDFI11, another specialized DeFi ETF, which advanced 22.88%.
BITH11: +20.15%
BITH11 tracks the Nasdaq Bitcoin Reference Price and maintains at least 95% of its assets in shares of a target fund exposed to Bitcoin or long positions in the futures market.
Bitcoin surged nearly 22% on the week, crossing $77,000 for the first time since May. Expanded Treasury buybacks, discussions surrounding crypto legislation, and short covering fueled the rally.
ETF inflows provided additional support. US Bitcoin funds attracted over $1.6 billion across four sessions, including $608.3 million on Thursday.
FOMO11: +18.55%
FOMO11 follows a strategy combining momentum with risk parity. As of its August 19 portfolio composition, Tron held the largest allocation, followed by Litecoin, Uniswap, Ethereum, Chainlink, Bitcoin, Stellar, Solana, XRP, Cardano, Bitcoin Cash, and Avalanche.
The diversified basket participated in token rallies across the board. Uniswap gained 19.04%, while Ethereum, Bitcoin, Solana, and XRP also posted substantial returns.
Gains lagged other thematic ETFs because the strategy distributes exposure across assets with varying performance profiles, including holdings that appreciated less than XRP and Ethereum.
