ETF to provide investors with exposure to smart contracts platforms serving as the infrastructure for Web3
Hashdex, a leading global crypto-focused asset manager, announced the upcoming launch of its Web3 ETF. The firm’s newest crypto ETF will be available on the Brazilian stock exchange, B3, under the ticker symbol WEB311 starting March 30, 2022.
Hashdex’s latest product was developed with the objective of offering a secure and diversified method for investing in Web3 and its underlying smart contract platforms. The reserve period for the new ETF begins Monday, March 14, 2022 through Friday, March 25, 2022.
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“We believe Web3 represents the future of the internet and is a further indication of the possibilities offered through blockchain technology,” said Marcelo Sampaio, co-founder and CEO at Hashdex. “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.”
Developed in partnership with CF Benchmarks, one of the leading global providers of digital asset market indices, WEB311 will replicate the “CF Web 3.0 Smart Contract Platforms Index”. The Index allocates to digital assets native to smart contract blockchains, with an initial composition of seven large digital assets: Ethereum (22.5%); Cardano (22.5%); Solana (22.1%); Polkadot (19.5%); Algorand (8.8%); Tezos (3.5%); and Cosmos (1.1%).
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“CF Benchmarks is immensely proud its Web 3.0 Smart Contract Platforms Index will be replicated by the world’s first ETF dedicated to Smart Contract Blockchain Assets – the ground-breaking WEB311 ETF. Hot on the heels of the DEFI11 ETF, this launch is further proof of growing investor demand for regulated exposure to specific segments of the fast-maturing blockchain economy, demonstrating how our partners at Hashdex are committed to delivering innovation for both institutional and individual investors,” said Sui Chung, CEO of CF Benchmarks.
Marks Hashdex’s Continued Advancement of Crypto ETF Offerings
The WEB311 ETF further builds on Hashdex’s innovative and unique crypto offerings available to trade on the B3. The firm launched the world’s first crypto ETFs, including HASH11, which currently has more than 150,000 investors, BITH11, a 100% green Bitcoin product, ETHE11, an index fund that invests entirely in Ethereum, and DEFI11, which seeks to offer investors diversified, secure, and regulated exposure in all segments of the DeFi ecosystem.
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