Brazil Asset Manager Hashdex launches world's first crypto ETF

Exposure to the Nasdaq Crypto Index is also available to Brazilian investors through a family of feeder funds managed by Hashdex and available in the country's main investment platforms.

"With support from Nasdaq, Nasdaq's calculation agent CF Benchmarks, and BSX, we're delighted to bring to market the world's first crypto ETF. This is a great achievement that shows the maturity of the cryptocurrency market, which garnered a much higher level of respect in 2020. In addition, the launch also consolidates our presence as a relevant global player in this segment", says Marcelo Sampaio, CEO of Hashdex. "The product should also accelerate the entry of institutional investors in crypto, a trend that has gained incredible momentum in the past months."

"Institutional interest in Digital Assets is growing rapidly, which necessitates the creation of an adaptable industry standard index that can both accurately represent the market and remain a relevant benchmark as the asset class matures," said Stephen Koshansky, Head of Digital Asset Index Products and Research at Nasdaq. "Nasdaq has worked closely with Hashdex to design criteria for a rules-based methodology that we believe accomplishes these objectives."