Nu Asset Launches NBIT11, the First Bitcoin Futures Contract ETF on the B3

São Paulo, August 20, 2025 – Nu Asset, the investment fund manager for Nubank, announces the launch of NBIT11, the first ETF in Brazil to offer exposure to Bitcoin through futures contracts traded on the B3 stock exchange. The product, developed in partnership with Nasdaq, allows investors to track the cryptocurrency’s price variation in a practical way through an investment fund.

“The NBIT11 was developed as another alternative for investors who want exposure to the crypto asset market. By providing financial exposure to the future price of Bitcoin, the ETF offers a simple entry point that is aligned with the practices of the traditional financial market,” says Andrés Kikuchi, Executive Director of Nu Asset Management. “This is another step in our strategy to offer our clients the tools to diversify their investments with attributes of low cost and high liquidity.”

The NBIT11 replicates the Nasdaq Brazil Bitcoin Futures TR Index (NQBTCBRT), which was created exclusively for the launch of this new ETF. It tracks the performance of the nearest monthly Bitcoin futures contracts on the B3. Launched in April of last year, the Bitcoin futures contract has already moved over R$ 2 trillion in financial volume on the exchange. These contracts allow for exposure to the asset without the need to buy or store it directly, meeting an existing demand from investors who seek to maintain their exposure to the asset within the traditional financial market structure.

Because of this innovative structure, it is possible to offer an ETF with exposure to the future price of Bitcoin more efficiently and scalably, reducing operational costs and, consequently, the cost for the final investor. In this regard, the ETF will have a decreasing global fee: as the fund’s assets grow, the fee charged will progressively decrease.

Traded on B3, the NBIT11 offers liquidity in Brazilian Reais and transparency, operating under the supervision of the CVM (Brazilian Securities and Exchange Commission) and in compliance with the norms of the Brazilian financial market.

The NBIT11 is now available for trading on B3, with an initial investment of R$ 50, a global fee of 0.50% per year, and a liquidity of one business day (D+2) in case of redemption.