Hashdex, a worldwide asset manager centered on cryptocurrencies, just lately announced the approval of the world’s very first DeFi ETF.
The DeFi ETF will be listed on the Brazilian stock exchange B3, with the ticker symbol DEFI11 on February 17th. Marcelo Sampaio, CEO of Hashdex as a cryptocurrency manager, stated that Hashdex, the greatest in Latin America, continues to fulfill its mission of assisting people today about the globe recognize much better and have diversified entry to cryptocurrencies.
We are also proud to spouse with @hashdex after yet again to launch DEFI11, the 1st in Brazil #DeFi ETF!
DEFI11 will track the CF DeFi Modified Composite Index, a single of our regulated benchmarks. Factshttps://t.co/q1zD9Sv49g pic.twitter.com/VH4L3Us6uF
– CF Benchmark (@CFBenchmarks) January 19, 2022
In partnership with CF Benchmarks, a globe renowned crypto index supplier, the rate of DEFI11 will reference information from the “CF DeFi Composite Index”. According to the announcement, the index follows stringent eligibility criteria for the very best representation of the DeFi business, based mostly on twelve assets grouped into 3 sub-classes as follows:
- Major dApps incorporate Uniswap, AAVE, Compound, Maker, Yearn, Curve, Synthetix and AMP in the very first subcategory.
- With Chainlink, The Graph and Polygon in the 2nd subcategory incorporate services protocols and scalability answers.
- Finally, Ethereum as a payment network falls into the third sub-portfolio.
Sui Chung, CEO of CF Benchmarks shared:
“The CF DeFi Composite Index is the first to be driven by the CF Crypto Asset Classification (DACS) framework and we are thrilled to be able to bring these methods to the community to understand more.” blockchain economic climate and permits end users to allocate smarter investment selections ”.
With Fidelity Digital Assets, Coinbase Custody and Bitgo Trust acting as cryptocurrency custodians underneath their management, Hashdex at present has much more than 250,000 traders globally in the company’s items. Marcelo Sampaio, CEO of Hashdex stated:
“We are confident that DeFi, through its innovative and disruptive technology, will grow exponentially and play an important role in the future of finance.”
Hashdex is the unique spouse of the important US stock exchange Nasdaq and has co-designed the Nasdaq Cryptocurrency Index (NCI) item, developed to measure the functionality of a major portion of the crypto industry, offering a benchmark for institutional investment.
However, it can be stated that Brazil is at present the foremost nation internationally in terms of cryptocurrency ETF item implementation and cryptocurrency adoption wave, with two Bitcoin ETFs with tickers QBTC11 and BITH11 respectively, and a single Ethereum ETF item (QETH11). . . More just lately, the mayor of Rio de Janeiro had ideas to invest one% of the city’s treasury in Bitcoin. In reality, Brazil is pretty shut to the official use of Bitcoin as the country’s legal currency.
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