Bringing you live news and features since 2006 

Hashdex to launch Web3 ETF on Brazilian stock exchange

RELATED TOPICS​

Crypto asset manager Hashdex is to launch its Web3 ETF on the Brazilian stock exchange, B3, under the ticker symbol WEB311 at the end of March.

The firm writes that its latest product was developed with the objective of offering a secure and diversified method for investing in Web3 and its underlying smart contract platforms. The reserve period for the new ETF begins Monday, March 14, 2022 through Friday, March 25, 2022.

“We believe Web3 represents the future of the internet and is a further indication of the possibilities offered through blockchain technology,” says Marcelo Sampaio, co-founder and CEO at Hashdex. “The WEB311 ETF not only provides exposure to the smart contract platforms underpinning Web3, but serves as an accessible and unique way to invest in projects that will be the main engine of the internet of the future.”

Developed in partnership with CF Benchmarks, a global provider of digital asset market indices, WEB311 will replicate the “CF Web 3.0 Smart Contract Platforms Index”. The Index allocates to digital assets native to smart contract blockchains, with an initial composition of seven large digital assets: Ethereum (22.5 per cent); Cardano (22.5 per cent); Solana (22.1 per cent); Polkadot (19.5 per cent); Algorand (8.8 per cent); Tezos (3.5 per cent); and Cosmos (1.1 per cent).

“CF Benchmarks is immensely proud its Web 3.0 Smart Contract Platforms Index will be replicated by the world’s first ETF dedicated to Smart Contract Blockchain Assets – the ground-breaking WEB311 ETF. Hot on the heels of the DEFI11 ETF, this launch is further proof of growing investor demand for regulated exposure to specific segments of the fast-maturing blockchain economy, demonstrating how our partners at Hashdex are committed to delivering innovation for both institutional and individual investors,” says Sui Chung, CEO of CF Benchmarks.

The firm writes that WEB311 ETF further builds on Hashdex’s innovative and unique crypto offerings available to trade on the B3. The firm has already launched HASH11, which currently has more than 150,000 investors, BITH11, a 100 per cent green bitcoin product, ETHE11, an index fund that invests entirely in Ethereum, and DEFI11, which seeks to offer investors diversified, secure, and regulated exposure in all segments of the DeFi ecosystem.

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
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