Hashdex Launches First ’33 Act Bitcoin ETF with DEFI
Hashdex, an asset manager specializing in cryptocurrency, announced the launch of Hashdex Bitcoin Futures ETF (NYSE Arca: DEFI)The world’s first bitcoin futures exchange-traded fund registered solely under the Securities Act of 1933. The ETF has been developed with Teucrium Trading and Victory Capital Management and will be available on the NYSE Arca under the ticker symbol “DEFI” beginning Friday, May 16. September.
“The launch of the Hashdex Bitcoin Futures ETF demonstrates Hashdex’s ongoing commitment to providing investors with innovative and regulated products and services that allow them to gain exposure to the digital asset class,” said Marcelo Sampaio, co-founder and CEO of Hashdex, in a news release. “Today’s news marks a significant milestone for our firm as we continue to introduce additional products and services – both in the US and globally – that help meet the specific needs of all types of individual and institutional investors.”
The legacy of market-leading innovation
Hashdex develops crypto offerings that enable global investors to participate in the crypto ecosystem. As part of its mission to reach more investors worldwide, the firm continues to expand globally, with offices in Brazil, the United States and Europe.
In collaboration with Nasdaq, Hashdex developed the Nasdaq Crypto Index™ (NCI™), which benchmarks the institutionally investable crypto market. The firm also partnered with Victory Capital to distribute crypto products in the US, including a private crypto fund for accredited investors.
Industry-First ’33 Act ETF
DEFI marks the firm’s first ETF registered with the US Securities and Exchange Commission and represents a major step in Hashdex’s commitment to providing investors with access to the crypto space through the best possible product structures permitted by regulators. As a digital asset advisor, Hashdex is responsible for providing its partners with research and analysis regarding bitcoin and bitcoin markets for use in the operation and marketing of DEFI.
“At Hashdex, we have an unwavering dedication to consistently finding innovative ways to build products that provide investors with opportunities to gain crypto exposure – our latest product, DEFI, does just that by honoring Bitcoin as what we believe is the foundation of decentralized finance. revolution,” Bruno Sousa, Head of USA at Hashdex, added in the release. “We are thrilled to join best-in-class providers, Teucrium and Victory Capital, to introduce this first of its kind. Furthermore, it has a different tax treatment than the ’40 Act Bitcoin futures ETFs – the prospectus provides more information.
Mannik Dhillon, President of VictoryShares and Solutions for Victory Capital, said: “We are pleased to continue working with Hashdex as part of our shared mission to deliver new solutions for a relatively new asset class to US investors.”
The prospectus is available online.
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