[{"data":1,"prerenderedAt":208},["Reactive",2],{"3OPYovRy0D":3,"y2wIUAEnbA":7,"a-infraestrutura-de-cripto-acaba-de-ser-atualizada-futuros-da-cme-chegam-ao-nci":143,"_apollo:default":170},{"topBars":4},{"__typename":5,"data":6},"TopBarEntityResponseCollection",[],{"contents":8},{"__typename":9,"data":10},"ContentEntityResponseCollection",[11],{"__typename":12,"attributes":13},"ContentEntity",{"__typename":14,"slug":15,"isRestrictedContent":16,"contentUrl":17,"title":18,"blurb":19,"content":20,"publishDate":21,"timeToRead":22,"languages":23,"countries":31,"thumbnail":39,"heroImage":79,"author":89,"content_category":124},"Content","a-infraestrutura-de-cripto-acaba-de-ser-atualizada-futuros-da-cme-chegam-ao-nci",false,null,"A infraestrutura de cripto acaba de ser atualizada: futuros da CME chegam ao NCI","Com o lançamento dos futuros do NCI pela CME, a infraestrutura institucional de cripto chega a um novo patamar. Entenda o que muda para assessores e investidores profissionais.","\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">Em 8 de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"8\">junho, a CME \u003Cspan style=\"color: rgb(53, 152, 219);\">\u003Ca style=\"color: rgb(53, 152, 219);\" href=\"https://etfexpress.com/2026/06/10/cme-group-announces-launch-of-nasdaq-cme-crypto-index-futures/\">lan&ccedil;ou\u003C/a>\u003C/span> futuros do Nasdaq \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"46\">CME Crypto Index (NCI), o primeiro&nbsp;\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"82\">contrato de futuros regulado, liquidado \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"122\">financeiramente e ponderado por \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"154\">capitaliza&ccedil;&atilde;o de mercado sobre uma \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"189\">cesta de ativos digitais \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"214\">l&iacute;deres. Oito criptoativos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"241\">representados em um &uacute;nico \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"267\">instrumento, negociados na maior \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"300\">bolsa de derivativos do \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"324\">mundo.\u003C/span>\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">Em minhas conversas \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"20\">com assessores ao longo \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"44\">deste ano, \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"55\">tenho dedicado \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"70\">bastante tempo a falar \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"93\">sobre como o \"arcabou&ccedil;o \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"117\">institucional\" de cripto \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"142\">finalmente chegou. O que quero \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"173\">dizer com isso &eacute; que a \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"196\">mesma infraestrutura que \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"221\">institucionalizou classes de ativos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"257\">tradicionais ao longo do tempo &mdash; \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"290\">um benchmark para \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"308\">definir o mercado, produtos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"336\">de investimento que o \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"358\">acompanham, e derivativos que \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"388\">permitem gerenciar o \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"409\">risco em torno da \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"427\">exposi&ccedil;&atilde;o do investidor &mdash; \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"453\">est&aacute; agora dispon&iacute;vel \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"475\">para cripto. E o \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"492\">lan&ccedil;amento dos futuros do \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"518\">NCI na semana \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"532\">passada &eacute; mais uma \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"551\">confirma&ccedil;&atilde;o de que cripto \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"577\">continuar&aacute; a ser \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"594\">plenamente adotado pelos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"619\">maiores e mais \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"634\">sofisticados investidores do \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"663\">mundo.\u003C/span>\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">A magnitude \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"12\">dessa mudan&ccedil;a merece \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"33\">uma pausa. Os \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"47\">produtos cripto da CME \u003C/span>\u003Cspan style=\"color: rgb(53, 152, 219);\">\u003Ca style=\"color: rgb(53, 152, 219);\" href=\"https://www.coindesk.com/markets/2026/05/14/cme-dives-further-into-usd85-trillion-digital-assets-market-with-nasdaq-cme-crypto-index-futures\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"70\">superaram US$ 7,3 \u003C/span>\u003C/a>\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"88\">\u003Cspan style=\"color: rgb(53, 152, 219);\">\u003Ca style=\"color: rgb(53, 152, 219);\" href=\"https://www.coindesk.com/markets/2026/05/14/cme-dives-further-into-usd85-trillion-digital-assets-market-with-nasdaq-cme-crypto-index-futures\">trilh&otilde;es\u003C/a>\u003C/span> em volume nocional \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"116\">acumulado. S&oacute; no primeiro \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"142\">trimestre de 2026, o volume \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"170\">m&eacute;dio di&aacute;rio \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"183\">atingiu 310.000 contratos,\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"209\">&nbsp;alta de 43% em \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"226\">rela&ccedil;&atilde;o ao mesmo per&iacute;odo \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"251\">do ano anterior, e&nbsp;\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"271\">os derivativos agora \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"292\">respondem por quase 80% de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"319\">toda a atividade de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"339\">negocia&ccedil;&atilde;o cripto global.&sup1;\u003C/span>\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">&nbsp;\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cem>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"1\">\u003Cimg src=\"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/Screenshot_2026_06_16_at_6_20_06_PM_986e60df61.png\" alt=\"\" width=\"612\" height=\"354\">\u003C/span>\u003C/em>\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">&nbsp;\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Ch4 class=\"text-text-100 mt-2 -mb-1 text-base font-bold\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"4\">O que isso \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"15\">muda na pr&aacute;tica para \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"36\">os assessores\u003C/span>\u003C/h4>\n\u003Cp>&nbsp;\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">At\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"2\">&eacute; agora, gerenciar \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"21\">exposi&ccedil;&atilde;o a cripto em \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"43\">um portf&oacute;lio significava \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"68\">navegar por um mercado \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"91\">fragmentado. Fazer hedge de uma \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"123\">aloca&ccedil;&atilde;o multi-ativos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"145\">em cripto exigia \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"162\">manter m&uacute;ltiplos contratos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"189\">de futuros de ativo \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"209\">&uacute;nico, com requisitos de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"235\">margem diferentes, \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"254\">calend&aacute;rios de rolagem \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"277\">diferentes, datas de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"298\">liquida&ccedil;&atilde;o diferentes. O \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"323\">contrato NCI da CME ajuda \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"349\">a resolver isso em \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"368\">um &uacute;nico \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"377\">instrumento, com uma &uacute;nica \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"404\">conta de margem e uma \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"426\">liquida&ccedil;&atilde;o mensal contra o \u003C/span>\u003Cspan style=\"color: rgb(53, 152, 219);\">\u003Ca style=\"color: rgb(53, 152, 219);\" href=\"https://indexes.nasdaqomx.com/Index/Overview/NCIS\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"453\">Nasdaq CME Crypto \u003C/span>\u003C/a>\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"471\">\u003Cspan style=\"color: rgb(53, 152, 219);\">\u003Ca style=\"color: rgb(53, 152, 219);\" href=\"https://indexes.nasdaqomx.com/Index/Overview/NCIS\">Settlement Price Index\u003C/a>\u003C/span>.\u003C/span>\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">Pa\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"2\">ra assessores com \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"20\">posi&ccedil;&otilde;es existentes em \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"43\">ETFs cripto, isso cria \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"66\">duas ferramentas \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"83\">concretas. Primeiro: &eacute; \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"106\">poss&iacute;vel fazer hedge da \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"130\">exposi&ccedil;&atilde;o no n&iacute;vel do \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"152\">portf&oacute;lio sem desfazer a \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"177\">posi&ccedil;&atilde;o subjacente. Se \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"200\">voc&ecirc; acredita que uma queda \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"228\">est&aacute; vindo, mas quer manter a exposi&ccedil;&atilde;o de longo prazo, uma posi&ccedil;&atilde;o vendida em futuros do NCI &eacute; mais limpa do que vender. Segundo: &eacute; poss&iacute;vel expressar uma vis&atilde;o sobre o mercado cripto amplo sem o risco de concentra&ccedil;&atilde;o em ativo &uacute;nico que vem com instrumentos exclusivos de Bitcoin, uma distin&ccedil;&atilde;o relevante para a constru&ccedil;&atilde;o de portf&oacute;lio.\u003C/span>\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">&nbsp;\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Ch4 class=\"text-text-100 mt-2 -mb-1 text-base font-bold\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"4\">O &iacute;ndice &eacute; o ponto central\u003C/span>\u003C/h4>\n\u003Cp>&nbsp;\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">H&aacute; anos digo que a pergunta \"qual criptoativo?\" &eacute; a pergunta errada. Da mesma forma que a Apple n&atilde;o representa toda a oportunidade em a&ccedil;&otilde;es de tecnologia, um &uacute;nico criptoativo n&atilde;o representa integralmente a oportunidade nos ativos digitais. Os futuros do NCI refor&ccedil;am essa vis&atilde;o da forma mais clara poss&iacute;vel ao incorpor&aacute;-la &agrave; estrutura de mercado. Cada negocia&ccedil;&atilde;o em um contrato NCI &eacute; uma negocia&ccedil;&atilde;o sobre o mercado cripto amplo, n&atilde;o uma aposta em um token superando \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"468\">outro.\u003C/span>\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">Pense no que aconteceu com os \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"30\">investimentos em ETFs quando os futuros \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"70\">do S&amp;P 500 se tornaram a ferramenta \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"106\">padr&atilde;o de hedge institucional. Isso \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"142\">normalizou o &iacute;ndice como ponto de \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"176\">refer&ecirc;ncia. A sele&ccedil;&atilde;o de ativos \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"208\">individuais n&atilde;o desapareceu, claro, \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"245\">mas o benchmark se tornou inequ&iacute;voco.\u003C/span>\u003C/p>\n\u003C/div>\n\u003Cdiv class=\"_chunkWrapper_6ta1u_30\">\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"0\">N\u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"1\">ingu&eacute;m sabe exatamente para onde os \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"37\">pre&ccedil;os de cripto v&atilde;o a partir daqui. \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"74\">Mas o que sei &eacute; que a infraestrutura \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"111\">para gerenciar cripto em um portf&oacute;lio &mdash; \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"151\">regulada, transparente, baseada em \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"186\">&iacute;ndices &mdash; acaba de melhorar de forma \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"223\">material. Os assessores e investidores \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"262\">profissionais que estavam esperando o \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"300\">mercado amadurecer ainda mais t&ecirc;m agora \u003C/span>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"340\">um motivo a menos para esperar.\u003C/span>\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">&nbsp;\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Csup>\u003Cspan class=\"_animating_6ta1u_10\" data-newtext-seq=\"340\">[1] \u003C/span>\"CME dives further into $85 trillion digital assets market with Nasdaq CME Crypto Index futures,\"&nbsp;\u003Cem>CoinDesk\u003C/em>, 14 de maio de 2026.\u003C/sup>\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">&nbsp;\u003C/p>\n\u003Cp class=\"font-claude-response-body break-words whitespace-normal\">\u003Csup>________________\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>A partir de 20 de janeiro de 2026, o &iacute;ndice mudou seu nome de Nasdaq Crypto Index (NCI) para Nasdaq CME Crypto Index (NCI).\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Este material expressa a opini&atilde;o da Hashdex Asset Management Ltd. e suas subsidi&aacute;rias e afiliadas (&ldquo;Hashdex&rdquo;) apenas para fins informativos e n&atilde;o considera os objetivos de investimento, situa&ccedil;&atilde;o financeira ou necessidades individuais de um investidor ou grupo espec&iacute;fico de investidores. Recomendamos a consulta a profissionais especializados para decis&otilde;es de investimento. Os investidores s&atilde;o aconselhados a ler atentamente o prospecto ou regulamento antes de investir seus fundos.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>As informa&ccedil;&otilde;es e conclus&otilde;es contidas neste material podem ser alteradas a qualquer momento, sem aviso pr&eacute;vio. Nada aqui contido constitui uma oferta, solicita&ccedil;&atilde;o ou recomenda&ccedil;&atilde;o em rela&ccedil;&atilde;o a qualquer produto ou servi&ccedil;o de gest&atilde;o de investimentos. Esta informa&ccedil;&atilde;o n&atilde;o se destina a qualquer pessoa ou entidade localizada em qualquer jurisdi&ccedil;&atilde;o onde tal distribui&ccedil;&atilde;o, publica&ccedil;&atilde;o, disponibilidade ou uso seja contr&aacute;rio &agrave; lei ou regulamenta&ccedil;&atilde;o aplic&aacute;vel ou que sujeite a Hashdex a quaisquer requisitos de registro ou licenciamento dentro de tal jurisdi&ccedil;&atilde;o.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Essas opini&otilde;es s&atilde;o derivadas de estudos internos e n&atilde;o t&ecirc;m acesso a nenhuma informa&ccedil;&atilde;o confidencial. Observe que eventos futuros podem n&atilde;o ocorrer conforme antecipado pela pesquisa e an&aacute;lise de nossa equipe. Nenhuma parte deste material pode ser (i) copiada, fotocopiada ou duplicada de qualquer forma por qualquer meio ou (ii) redistribu&iacute;da sem o consentimento pr&eacute;vio por escrito da Hashdex.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Ao receber ou revisar este material, voc&ecirc; concorda que este material &eacute; propriedade intelectual confidencial da Hashdex e que voc&ecirc; n&atilde;o ir&aacute; copiar, modificar, reformular, publicar ou redistribuir este material e as informa&ccedil;&otilde;es nele contidas, no todo ou em parte, ou fazer qualquer uso comercial deste material sem o consentimento pr&eacute;vio por escrito da Hashdex.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Investir em qualquer ve&iacute;culo de investimento e criptoativos &eacute; altamente especulativo e n&atilde;o &eacute; destinado como um programa de investimento completo. &Eacute; projetado apenas para pessoas sofisticadas que podem suportar o risco econ&ocirc;mico da perda de todo o seu investimento e que t&ecirc;m necessidade limitada de liquidez em seu investimento. N&atilde;o h&aacute; garantia de que os ve&iacute;culos de investimento alcan&ccedil;ar&atilde;o seu objetivo de investimento ou devolver&atilde;o qualquer capital. N&atilde;o &eacute; feita nenhuma garantia ou representa&ccedil;&atilde;o de que a estrat&eacute;gia de investimento da Hashdex, incluindo, sem limita&ccedil;&atilde;o, seus objetivos de neg&oacute;cios e investimentos, estrat&eacute;gias de diversifica&ccedil;&atilde;o ou metas de monitoramento de risco, ser&aacute; bem-sucedida, e os resultados dos investimentos podem variar substancialmente ao longo do tempo.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Nada aqui pretende implicar que a metodologia de investimento da Hashdex ou que investir em qualquer um dos protocolos ou tokens listados nas Informa&ccedil;&otilde;es possa ser considerado &ldquo;conservador&rdquo;, &ldquo;seguro&rdquo;, &ldquo;livre de risco&rdquo; ou &ldquo;avesso ao risco&rdquo;. Essas opini&otilde;es s&atilde;o derivadas de estudos internos e n&atilde;o t&ecirc;m acesso a nenhuma informa&ccedil;&atilde;o confidencial. Observe que eventos futuros podem n&atilde;o ocorrer conforme antecipado pela pesquisa e an&aacute;lise de nossa equipe.Certas informa&ccedil;&otilde;es contidas aqui (incluindo informa&ccedil;&otilde;es financeiras) foram obtidas de fontes publicadas e n&atilde;o publicadas. Tais informa&ccedil;&otilde;es n&atilde;o foram verificadas de forma independente pela Hashdex, e a Hashdex n&atilde;o assume responsabilidade pela precis&atilde;o de tais informa&ccedil;&otilde;es. A Hashdex n&atilde;o fornece consultoria tribut&aacute;ria, cont&aacute;bil ou jur&iacute;dica.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Certas informa&ccedil;&otilde;es contidas aqui constituem declara&ccedil;&otilde;es prospectivas, que podem ser identificadas pelo uso de termos como &ldquo;pode&rdquo;, &ldquo;ir&aacute;&rdquo;, &ldquo;dever&aacute;&rdquo;, &ldquo;espera&rdquo;, &ldquo;antecipa&rdquo;, &ldquo;projeta&rdquo;, &ldquo;estima&rdquo;, &ldquo;pretende&rdquo;, &ldquo;continua&rdquo; &ldquo;acredita&rdquo; (ou negativos destes) ou outras varia&ccedil;&otilde;es desses termos. Devido a v&aacute;rios riscos e incertezas, incluindo os discutidos acima, eventos ou resultados reais, o neg&oacute;cio ou atividades finais da Hashdex e seus ve&iacute;culos de investimento ou o desempenho real da Hashdex, seus ve&iacute;culos de investimento ou tokens digitais podem diferir materialmente daqueles refletidos ou contemplados nessas declara&ccedil;&otilde;es prospectivas.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Como resultado, os investidores n&atilde;o devem confiar em tais declara&ccedil;&otilde;es prospectivas ao tomar suas decis&otilde;es de investimento. Nenhuma das informa&ccedil;&otilde;es contidas aqui foi arquivada na Comiss&atilde;o de Valores Mobili&aacute;rios dos EUA ou em qualquer outra autoridade governamental ou autorreguladora. Nenhuma autoridade governamental opinou sobre os m&eacute;ritos dos ve&iacute;culos de investimento da Hashdex ou sobre a adequa&ccedil;&atilde;o das informa&ccedil;&otilde;es contidas aqui.\u003C/sup>\u003C/p>\n\u003Cp>\u003Csup>Nasdaq&reg; &eacute; uma marca registrada da Nasdaq, Inc. As informa&ccedil;&otilde;es acima s&atilde;o fornecidas apenas para fins informativos e educacionais, e nada contido aqui deve ser interpretado como aconselhamento de investimento, seja em nome de um ativo digital ou de uma estrat&eacute;gia global de investimento. Nem a Nasdaq, Inc. nem qualquer uma de suas afiliadas faz recomenda&ccedil;&otilde;es para comprar ou vender qualquer ativo digital, nem faz qualquer representa&ccedil;&atilde;o sobre a condi&ccedil;&atilde;o financeira de um ativo digital. Declara&ccedil;&otilde;es sobre &iacute;ndices propriet&aacute;rios da Nasdaq n&atilde;o s&atilde;o garantias de desempenho futuro. Os resultados reais podem diferir materialmente dos expressos ou impl&iacute;citos. O desempenho passado n&atilde;o &eacute; indicativo de resultados futuros. Os investidores devem realizar sua pr&oacute;pria due diligence e avaliar cuidadosamente os ativos antes de investir. RECOMENDA-SE OBTER UM ACONSELHAMENTO DE UM PROFISSIONAL FINANCEIRO.\u003C/sup>\u003C/p>\n\u003C/div>","2026-06-16",3,{"__typename":24,"data":25},"LanguageRelationResponseCollection",[26],{"__typename":27,"attributes":28},"LanguageEntity",{"__typename":29,"Code":30},"Language","pt",{"__typename":32,"data":33},"CountryRelationResponseCollection",[34],{"__typename":35,"attributes":36},"CountryEntity",{"__typename":37,"Code":38},"Country","BR",{"__typename":40,"data":41},"UploadFileEntityResponse",{"__typename":42,"attributes":43},"UploadFileEntity",{"__typename":44,"name":45,"url":46,"formats":47,"size":78},"UploadFile","Gemini_Generated_Image_ntza23ntza23ntza 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