SÃO PAULO, Feb. 9, 2021 /PRNewswire/ — Brazilian asset supervisor Hashdex will formally launch the world’s first crypto ETF (Alternate Traded Fund). The fund, named the Hashdex Nasdaq Crypto Index ETF, is out there for buying and selling on the Bermuda Inventory Alternate (BSX) for accredited non-US traders (non-tradable shares can be found by means of personal placement for Accredited US Buyers and Non-US Buyers). The product is a regulated and easy answer for institutional traders to achieve publicity to the cryptocurrency market.
The ETF tracks the Nasdaq Crypto Index (NCI), which was developed by Nasdaq and Hashdex. The index is designed to signify the investable panorama of the cryptocurrency market by means of strict eligibility standards. It rebalances quarterly to realize a present illustration of the market. It’s maintained by Nasdaq’s calculation agent, CF Benchmarks.
BSX was chosen in gentle of Bermuda’s superior regulation of the digital belongings market. BSX announced the listing approval in September 2020. Now, with the start of buying and selling, the Hashdex Nasdaq Crypto Index ETF marks the start of a brand new period within the international cryptocurrency market.
Publicity to the Nasdaq Crypto Index can be out there to Brazilian traders by means of a household of feeder funds managed by Hashdex and out there within the nation’s essential funding platforms.
“With assist from Nasdaq, Nasdaq’s calculation agent CF Benchmarks, and BSX, we’re delighted to carry to market the world’s first crypto ETF. This can be a nice achievement that reveals the maturity of the cryptocurrency market, which garnered a a lot larger degree of respect in 2020. As well as, the launch additionally consolidates our presence as a related international participant on this section”, says Marcelo Sampaio, CEO of Hashdex. “The product also needs to speed up the entry of institutional traders in crypto, a pattern that has gained unbelievable momentum previously months.”
“Institutional curiosity in Digital Belongings is rising quickly, which necessitates the creation of an adaptable business normal index that may each precisely signify the market and stay a related benchmark because the asset class matures,” mentioned Stephen Koshansky, Head of Digital Asset Index Merchandise and Analysis at Nasdaq. “Nasdaq has labored intently with Hashdex to design standards for a rules-based methodology that we imagine accomplishes these aims.”
Hashdex is an asset supervisor created with the mission of constructing a bridge between conventional monetary markets and the crypto market in a easy, protected and controlled manner. Based in early 2018 with capital from Silicon Valley traders by a gaggle of pros with intensive expertise within the monetary and expertise market and deep data in crypto and blockchain, the corporate affords index, passive and actively-managed crypto funds and has skilled accelerated development previously twelve months.
Contato de Imprensa: Jader Fernandes – [email protected]