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.
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