Hashdex Takes the Leap into Web3
In a bold move to embrace the future of finance, Hashdex, a prominent player in the world of crypto asset management, has launched a new Web3 Exchange Traded Fund (ETF). According to reports from Brazil, this exciting new product aims to provide a safe and diversified avenue for investors looking to capitalize on the burgeoning realm of Web3 and the smart contract platforms that underpin it.
The Launch Details
The official reserve period for the ETF kicked off on March 14, 2022, and will wrap up on March 25, 2022. So if you want to dive headfirst into this digital goldmine, now might just be the time. CEO Marcelo Sampaio has stated that Hashdex believes Web3 is the next evolutionary leap for the internet and serves as a testament to the transformative nature of blockchain technology.
Sampaio noted, “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.”
How the ETF is Structured
This ETF is set to mirror the “CF Web 3.0 Smart Contract Platforms Market Cap Index,” created by CF Benchmarks, a major provider of digital asset market indexes. This index will feature a mix of tokens from some of the most influential blockchain platforms in the decentralized finance (DeFi) space, based primarily on the total value locked within their protocols.
- Ethereum (ETH): 22.5%
- Solana (SOL): 22.1%
- Cardano (ADA): 22.5%
- Polkadot (DOT): 19.5%
- Algorand (ALGO): 8.8%
- Tezos (XTZ): 3.5%
- Cosmos (ATOM): 1.1%
Hashdex’s Track Record
Hashdex is no stranger to the ETF game. Last April, they made headlines with the launch of their first cryptocurrency-focused ETF, HASH11. Not stopping there, they also introduced a Nasdaq-weighted BTC/Nasdaq Crypto Index fund and a Bitcoin Risk Parity Gold Fund — because who doesn’t want options when it comes to their investments?
Setting Trends in Latin America
With the Brazilian Stock Exchange’s approval of two new crypto ETFs, Hashdex is not just following the trend; they are helping to shape it across Latin America. In a world where decentralized finance continues to gain traction, Hashdex’s innovative products pave the way for investors eager to explore the vast potential of the internet’s next incarnation.
