Bringing you live news and features since 2006 

Bringing you news, views and analysis since 2013

Hashdex and Vinter launch crypto ETP

Crypto firm Hashdex has announced it has partnered with Vinter, the crypto index provider, for the launch of the Hashdex Crypto Momentum Factor ETP.

The firm writes that its first-of-its-kind investment vehicle is designed to enable institutional investors to capitalise on trending crypto assets that are experiencing upward price momentum.

The product is based on the momentum factor and is now listed on the SIX Swiss Exchange, and Xetra under ticker symbols “HAMO” and “HDXM”, respectively. The product will also be listed on EuroNext under the ticker symbol “HAMO” on Wednesday, November 9th. Trading for the Hashdex Crypto Momentum Factor ETP will also roll out over the following days, beginning today on the SIX Swiss Exchange and then subsequently on November 8th on Xetra and November 9th on EuroNext.

“To attract institutional investors, it is necessary to create innovative products”, says Jacob Lindberg, CEO of Vinter. “The Vinter Hashdex Risk Parity Momentum Index is an innovative index – it allocates to the top performing crypto assets, while limiting the risk. Hashdex is one of the largest crypto asset investing companies globally, and we are pleased to partner with them to launch this ETP in the European market.”

The new ETP tracks the Vinter Hashdex Risk Parity Momentum Index, co-developed by Hashdex and Vinter, and contains 12 large-cap crypto assets that are eligible on key European exchanges and exhibit relatively higher price momentum. The ETP limits the risk contribution of any single underlying asset and is rebalanced monthly. At launch, and as of the index’s last rebalancing, the four largest constituents accounting for 53 per cent of the portfolio are Tron (17.94 per cent), XRP (12.28 per cent), Polygon (12.21 per cent) and Binance Coin (10.63 per cent).

The firm writes that this allocation provides unique exposure compared to a market cap index and demonstrates the differentiation of the momentum approach. The top four allocations represent the crypto-assets with the best relative risk adjusted price performance, and the weights are determined in a quantitative and rules-based manner, providing exposure to assets that other more traditional approaches do not offer.

Bruno Sousa, Head of New Markets at Hashdex, says: “There is an increasing appetite from investors to invest in high momentum crypto assets, and we are delighted to be able to offer this within our latest product. Vinter has a highly experienced team with an excellent track record, and provided the on-demand quantitative data we needed to support the creation of this unique product that expands our product offering beyond traditional investment strategies.”

The launch of the Hashdex Crypto Momentum Factor ETP and its corresponding Vinter Hashdex Risk Parity Momentum Index builds on Hashdex’s ongoing expansion efforts in both Europe and worldwide. In May 2022, the firm launched its first European product: the Hashdex Nasdaq Crypto Index Europe ETP on the SIX Swiss Exchange, which, the firm writes, has seen strong net inflows since its listing despite challenging market conditions. The Hashdex Nasdaq Crypto Index Europe ETP is now tradable on the Euronext Paris and Euronext Amsterdam under the ticker symbols HASH FP and HASH NA, respectively, and on Xetra under the ticker symbol HDX1 GY.

Latest News

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our..
ETF data providers ETFGI report that assets invested in the global ETFs industry extended its lead over the global hedge..
Never a dull moment for Cathie Wood, founder and CEO of ARK Invest. In 2020 she was the ETF darling enjoying..
New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on popular UK,..

Related Articles

We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Franklin Templeton, with global ETF AUM exceeding USD13 billion, launched its European ETF offering in 2017, and announced last year the hire of Lotfi Ladjemi as Senior ETF Sales Specialist...
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