Brazil-based asset manager Hashdex said Monday it will launch the world's first crypto exchange-traded fund (ETF).

  • Listed on the Bermuda Stock Exchange (BSX), the Hashdex Nasdaq Crypto Index ETF  will track the Nasdaq Crypto Index (NCI) developed by Nasdaq and Hasdex and will be available for trading by accredited non-U.S. investors.
  • Brazilian investors can gain exposure through a family of feeder funds managed by Hashdex and via the country's leading investment platforms.
  • Maintained by Nasdaq's calculation agent, CF Benchmarks, the NCI tracks the performance of a diverse basket of USD-traded digital assets such as bitcoin cash, chainlink and stellar lumens. The highest weighting on the NCI is bitcoin with 78.61%, followed by ether at 16.86%.
  • "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.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.