Bringing you live news and features since 2006 

Hashdex to launch Hashdex Nasdaq Crypto Index ETF


Brazilian asset manager Hashdex is to launch the Hashdex Nasdaq Crypto Index ETF, which is available for trading on the Bermuda Stock Exchange (BSX) by accredited non-US investors (non-tradable shares are available through private placement for Accredited US Investors and Non-US Investors). 

The product is a regulated and simple solution for institutional investors to gain exposure to the cryptocurrency market.

The ETF tracks the Nasdaq Crypto Index (NCI), which was developed by Nasdaq and Hashdex. The index is designed to represent the investable landscape of the cryptocurrency market through strict eligibility criteria. It rebalances quarterly to achieve a current representation of the market. It is maintained by Nasdaq’s calculation agent, CF Benchmarks.

BSX was chosen in light of Bermuda’s advanced regulation of the digital assets market. BSX announced the listing approval in September 2020. Now, with the beginning of trading, the Hashdex Nasdaq Crypto Index ETF marks the beginning of a new era in the global cryptocurrency market.

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,” says 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.”

Latest News

Figment Europe, a provider of institutional staking infrastructure, writes that it is solidifying its presence in the heart of Europe’s..
Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..

Related Articles

Ryan McCormack, Invesco
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the...
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM)...
Sal Esposito, Zacks Investment Management
Zacks Investment Management started doing investment research in 1978 and in 1992 started its investment management arm, initially with SMAs...
Jeremy Senderowicz, Vedder Price
Jeremy Senderowicz, a member of the Investment Services Group at law firm Vedder Price, has witnessed a steady upswing in...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by