Brazil-based asset manager Hashdex said it will launch the world’s first crypto exchange-traded fund (ETF) on Monday.
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.
Bitcoin has the highest weighting on the NCI with 78.61%, followed by ethereum’s 16.86%.
