Brazil-based asset manager Hashdex said Monday it will launch the world's first crypto exchange-traded fund (ETF).
- Brazilian investors can gain exposure through a family of feeder funds managed by Hashdex and via the country's leading investment platforms.
- "The product should also accelerate the entry of institutional investors in crypto, a trend that has gained incredible momentum in the past months,” Marcelo Sampaio, CEO of Hashdex, said.
- "The Nasdaq Crypto Index represents another leap toward the institutionalization of crypto as investors look for broader exposure to the digital asset class," Sui Chung, CEO of CF Benchmarks, told CoinDesk.
UPDATE (Feb. 9 14:06 UTC): Fixes weighting percentage of ether.
CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.