Brazilian asset manager Hashdex launched its first Bitcoin ETF on the US NYSE exchange, the first of its kind to be registered under the Securities Act of 1933 (law of 33). The arrival on the North American exchange is another positive step for cryptocurrencies, under the approval of the SEC, CVM of the USA. The ETF was developed in partnership with Teucrium Trading, a specialist in 33 Act commodity funds, and Victory Capital, which manages capital of US＄167 billion globally. It is worth remembering that Hashdex was the first company to launch a cryptocurrency ETF on the Brazilian stock exchange, with the product “HASH11”. In a recent study by B3, this was considered one of the main ETFs traded in Brazil.
Brazilian manager surprises by launching first Bitcoin ETF on the US exchange
Hashdex is a global cryptocurrency manager and leader in Brazil, with several investors trading their cryptocurrency and Bitcoin products on the Brazilian exchange. Its expansion goal has been executed at a rapid pace. In the last week, it launched products in France, Holland and Germany. This Friday (16), in the United States. Celebrating the news, Hashdex CEO and co-founder Marcelo Sampaio said that the launch shows his company’s commitment to launching more products associated with Bitcoin.
“This launch shows our commitment to bringing products and services with exposure in regulated digital assets with security and innovation. It is a significant milestone that addresses the specific needs of individual and institutional investors across the United States and around the world.”
Nasdaq partner
In partnership with Nasdaq, Hashdex developed the Nasdaq Crypto Index, the crypto market benchmark index for institutional investment, and listed the world’s first cryptocurrency ETF, the Hashdex Nasdaq Crypto Index ETF, on the Bermuda Exchange. Hashdex and Nasdaq have also partnered to develop the Nasdaq Crypto Index EuropeTM (NCIETM), an index designed to measure the performance of the overall digital asset market, reflecting listing standards on certain European exchanges. It subsequently launched the Hashdex Nasdaq Crypto Index Europe ETP, which tracks the NCIETM. These international offerings stem from Hashdex’s market leadership in Brazil, where the majority of crypto investments are made through B3-listed ETFs. In the country, Hashdex ETFs include HASH11 and DEFI11, the world’s first decentralized financial ETF, which gives investors regulated exposure to the entire DeFi ecosystem except Bitcoin. The company has partnered with Victory Capital to distribute products in the US, including a private cryptocurrency fund for institutional and other accredited investors.
Hashdex Bitcoin Futures ETF (DEFI) Is The Company’s First SEC Registered And Honors BTC As The Icon Of Decentralized Finance
The Hashdex Bitcoin Futures ETF (DEFI) is the company’s first ETF registered with the SEC (Securities and Exchange Commission), the US CVM analog body. For Bruno Sousa, Head of Hashdex in the United States, the Launch of DEFI puts Bitcoin as icon of decentralized finance.
“At Hashdex, we have an unwavering dedication to consistently finding innovative ways to create products that provide investors with safe options for gaining exposure to cryptocurrencies. Our latest product, DEFI, does just that, honoring Bitcoin as the foundation of the decentralized finance revolution.”