The Hashdex Nasdaq Crypto Index ETF is an open-ended investment fund that will work as a traditional ETF, with a creation and redemption mechanism involving the delivery of a basket of assets or cash by authorised participants. It will track the Nasdaq Crypto Index to represent the institutional investable landscape of cryptocurrency assets.
Marcelo Sampaio, Hashdex CEO stated, “We are truly excited to bring to market the first true crypto ETF in the world with the support of the BSX, MIH and Nasdaq. We believe that the launch of the Hashdex Nasdaq Crypto Index ETF is significant and is poised to transform financial markets in big ways in the years to come.”
Appleby led the transaction and said, “The listing of the Hashdex Nasdaq Crypto Index ETF on the BSX is a great achievement for both the Hashdex and BSX teams and is testament to how real the opportunities are in the digital asset sector for those willing to think outside the box and create solutions that facilitate regulated access to new markets.”