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- On September 16, 2022, Hashdex introduced the first U.S. listed “Bitcoin Futures ETF” that relies on the “1933 Act.”
- This Bitcoin Futures ETF is designed to provide investors with a means to gain price exposure to the bitcoin market.
Hashdex Bitcoin Futures ETF
The Bitcoin Futures ETF will issue “Shares” that trade on the NYSE Arca stock exchange under the symbol, “DEFI.” The investors can buy and sell their Shares with the help of a broker-dealer. But the Fund will not hold, purchase, or own any Bitcoin due to its current investment objective. The purchasing of the Fund is subject to the risks of Bitcoin along with the additional risks of investing in the Fund.
Statements From The Company’s Representatives
Marcelo Sampaio, Co-Founder & CEO of Hashdex said during the launch, “The launch of the Hashdex Bitcoin Futures ETF showcases Hashdex’s ongoing commitment to delivering investors with innovative and regulated products and services that allow them to gain exposure to the digital asset class.”
He also added, “Today’s news marks a significant milestone for our firm as we continue to introduce additional products and services – both in the U.S. and globally – that help meet the specific needs of all types of individual and institutional investors.”
Furthermore, the Head of U.S. at Hashdex, Bruno Sousa, mentioned “At Hashdex, we have an unwavering dedication to consistently find innovative ways of building products that provide investors with options to gain crypto exposure – our latest product, DEFI, does just that by honoring Bitcoin as what we believe is the foundation of the Decentralized Finance revolution.”
In addition, the President of VictoryShares and Solutions for Victory Capital stated “We are excited to continue working with Hashdex as part of our shared mission of delivering new solutions for a relatively new asset class to U.S. investors.”
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
