Hashdex lists ETP tracking BTC, ETH and Six Defi altcoins
Brazil-based crypto asset manager Hashdex has rolled out a physically-backed exchange-traded product (ETP) that tracks the performance of avalanche, bitcoin, cardano, ether, litecoin, polkadot, polygon and solana.
The new ETP has been listed on Switzerland’s SIX Swiss Exchange in Zurich, and provides simple exposure to Nasdaq’s Crypto Index Europe (NCIE). The offering is 100% physically backed by actual crypto assets and the staked coins will be stored in a secure custodian.
With its strong track record starting in Brazil, Hashdex is joining the SIX’s issuer ranks and further expanding the product range to focus on growing its $1 billion footprint. This brings the total number of crypto issuers to 12, and the number of tradable crypto ETPs to 161. With 18 different cryptocurrencies as underlying assets, SIX currently offers investors access to 236 products provided by 14 issuers, the largest choice of any regulated exchange.
Laurent Kssis, Managing Director and Head of Europe at Hashdex, commented on the launch of the new ETPs and the entry into the Swiss market: “The Swiss market is a natural entry point for crypto products and we have designed a product that we believe meets the demands of investors while being aligned with Swiss regulatory requirements. The NCIE (SIX:HASH SW) was created to offer an index that complies with the Swiss markets’ eligible crypto assets – a natural next step in Hashdex’s commitment to serving the region.”
Christian Reuss, Head SIX Swiss Exchange, added: “I’m delighted to see that for its European market entry, Hashdex, with its strong track record starting in Brazil, chooses the Swiss jurisdiction because of its legal certainty, world-class infrastructure and our stable trading system. A warm welcome to Hashdex joining our issuer ranks and further expanding the product range.”
Hashdex has $1 billion in assets under management
Today’s announcement builds on Hashdex’s ongoing international expansion and positions it as a pioneer in crypto asset management. In 2021, the company teamed up with the Nasdaq stock exchange to develop the world’s first crypto ETFs tracking decentralized finance and smart contracts.
Hashdex also launched a Web3 exchange-traded fund (ETF) aimed at qualified investors on Brazil’s B3 stock exchange, highlighting its growing portfolio of crypto-related products. These offerings are provided in partnership with top international custodians, auditors, and other partners to ensure security and safety for institutional investors.
Hashdex is said to have more than 250,000 institutional and private investors that use its products globally, as well as close to $1 billion in assets under management. The crypto asset manager has over 90 team members from both the tech and financial worlds across Rio de Janeiro, New York, and Zurich.