2 years ago
This nonfiction is adapted from CoinDesk Brasil, a concern betwixt CoinDesk and InfoMoney, 1 of Brazil's starring fiscal quality publications. Follow CoinDesk Brasil on Twitter.
Brazil-based crypto plus manager Hashdex launched a decentralized concern (DeFi) exchange-traded money (ETF) connected Brazilian banal speech B3 connected Thursday. However, the ETF received lone $10.5 cardinal from investors, astir one-tenth what the institution expected to capture, according to a Feb. 4 enactment sent by the firm.
The Hashdex ETF, which trades nether the ticker DEFI11, expected to rise $96 cardinal but drew lone 2,200 investors.
Developed successful concern with planetary crypto scale supplier CF Benchmarks, DEFI11 mirrors the CF DeFi Modified Composite Index, an scale that features tokens of Uniswap (UNI), Aave (AAVE), Compound (COMP) and Maker (MKR), among others.
The scale besides features DeFi protocol support, including individuality verification and scalability systems specified arsenic Polygon, Chainlink and The Graph.
XP, Itaú BBA and Banco Genial served arsenic coordinators of the ETF offering, which has a absorption interest of 1.3%.
In April 2021, Hashdex launched Brazil and Latin America's archetypal crypto ETF, HASH11, which ranks arsenic the second-most purchased aboriginal connected B3, according to the Brazilian banal exchange.
This nonfiction was translated by Andrés Engler, and edited by CoinDesk. The archetypal Portuguese tin beryllium recovered here.
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Rodrigo Tolotti is simply a crypto exertion astatine InfoMoney, a starring fiscal quality work successful Brazil. He graduated successful Journalism from Faculdade Cásper Líbero.
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