Hashdex extends its offer with the latest crypto ETP to Europe

Hashdex extends its offer with the latest crypto ETP to Europe

The crypto assets administrator Hashdex is working on the European market with its latest ETP, which depicts an underlying basket of cryptocurrencies.

The Nasdaq Crypto Index Europe ETP (stock market -traded product) of the Brazilian company, according to a Thursday from May 2 at the Six Swiss Exchange under the ticker symbol SIX: Hash SW explanation .

It is the manager's first product that is available to European investors, a spokesman confirmed to block works.

asset managers continue to introduce crypto -related stock market products and funds. Some managers even try to bring products onto the market that take advantage of the trend reversal - including suggestions for ETFs, Bitcoin Shorts.

The latest product of Hashdex follows the performance of the Crypto Index Europe (NCIE) from Nasdaq, which in turn follows the demonstrations of avalanches, Bitcoin, Cardano, Ether, Litecoin, Polkadot, Polygon and Solana.

hashdex and Nasdaq previously developed the Nasdaq Crypto Index together. The NCIE is an expansion of the effective methodology established by the NCI and has been optimized to meet the approval requirements of European stock exchanges.

Before his first ETP for the European market, Hashdex hired its first managing director and head of Europe, Laurent Kssis in March.

KSSIS was formerly Global Head of Etps at the Swiss Manager 21shares, where he launched more than 25 crypto ETPs on several European regulated stock exchanges.

"We believe that with this index and the subsequent provision of this institutional ETP we have just given exactly what investors have asked by offering a product with diversified commitment that reduces the risk of cryptoassets," said KSSIS.

In February 2021, Hashdex launched the Hashdex Nasdaq Crypto ETF (HDEX), which depicts the Nasdaq Crypto Index on the Bermuda Stock Exchange. The Hashdex Nasdaq Crypto ETF has become the world's first crypto-based ETF and is currently available at the BSX for accredited non-I-INLENGENER.

To use the dynamics of Hashdex, the first Bitcoin Futures ETF in the USA, which received the SEC's blessing in accordance with the 1933 Securities, could strive for a name change from Teucrium Bitcoin Futures Fund in Hashdex Bitcoin Futures ETF.

It is unclear what role hashdex will play, although Bloomberg Intelligence ETF-Analyst Eric Balchunas said last week that the name change could signal a similar partnership as between ARK Invest and 21shares.

in April 2021 hashdex start a private fund that is traded in usd persecuted, which is available in the USA accredited investors.