Nasdaq, SEC-Registered Fund Manager to Launch First-Ever Crypto ETF in Bermuda
The new ETF product will track an index currently being designed by Nasdaq that will provide broad exposure to the digital asset market.
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A cryptocurrency exchange-traded fund (ETF) by Nasdaq and Brazilian fund manager Hashdex has reportedly been approved to trade on the Bermuda Stock Exchange. Hashdex says the new cryptocurrency investment product tracks the Nasdaq Crypto Index. Hashdex Says ETF Will Track Nasdaq Crypto Index Brazilian fund manager Hashdex confirmed to news.Bitcoin.com on Tuesday that the company is launching a cryptocurrency ETF, co-developed with Nasdaq. A Hashdex spokesperson said that the ETF has been approved by the Bermuda Stock Exchange (BSX), elaborating: The ETF will be available for public trading....
Brazil’s Hashdex is teaming up with Nasdaq to bring the world’s first Bitcoin ETF to the Bermuda Stock Exchange. Regulated Brazilian fund manager Hashdex has inked a deal with Nasdaq to launch the world’s first crypto asset exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX).The stock exchange announced it had approved the ‘Hashdex Nasdaq Crypto Index’ on September 18, revealing that 3 million Class E shares will be issued for trade on the platform. Cointelegraph Brazil confirmed the Nasdaq partnership and ETF with Hashdex’s chief executive, Marcelo SampaioAccording to local....
The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index. Investment firm Victory Capital Management announced it would be taking steps for its U.S.-based investors to get exposure to the crypto market.In a Wednesday announcement, Victory Capital said it would be the exclusive sponsor of “private placement funds and other vehicles” based on the Nasdaq Crypto Index, or NCI, an index developed by Nasdaq and Brazilian crypto asset manager Hashdex. The firm said it plans to launch a private fund for accredited investors tracking the....
Coinbase and SoftBank have participated in a $26-million funding round for Latin America’s largest crypto asset management firm. Hashdex, the Rio de Janeiro-based crypto asset manager with over 4 billion Brazilian real ($765 million) in assets under management, has raised $26 million in a new funding round from investors.According to Bloomberg on Wednesday, venture capital firm Valor Capital Group led the funding round with participation from Coinbase Ventures — the VC arm of American exchange giant Coinbase — and SoftBank.The $26-million capital influx comes as Hashdex is set to pursue....
In mid-November, a filing registered with the U.S. Securities and Exchange Commission (SEC) had shown that the investment firm Skybridge Capital may invest in crypto assets like bitcoin. Over a month later, Skybridge Capital filed another registration form with the U.S. SEC (Form D) as it plans to launch a bitcoin fund. The wealth management firm run by Anthony Scaramucci, Skybridge Capital, is launching a bitcoin fund called the Skybridge Bitcoin Fund L.P. The news of the Skybridge’s fund stems from a Form D Securities and Exchange Commission filing. The New York-based company....