Hashdex launches its ETP in Europe, and it’s officially launched Hashdex Nasdaq Crypto Europe ETP (HASH) Index At SIX Swiss Exchange. Hashdex’s latest product tracks the performance of the NASDAQ Crypto Index Europe (NCIE), which in turn tracks the evolution of AvalancheAnd BitcoinAnd CardanoAnd ITERAnd LitecoinAnd polka dotAnd ribbed And Solana.
The Brazilian company’s Nasdaq Crypto Index Europe ETP (exchange-traded product) is trading on the SIX Swiss Exchange under the ticker symbol SIX: HASH SW, effective May 2, according to a statement Thursday.
A Blockworks spokesperson confirmed that this marks the first manager product available to European investors. “The launch of HASH SW is a natural next step in Hashdex’s commitment to serving the region.”The speaker added.
Asset managers continue to roll out cryptocurrency-related stock and product offerings despite stagnating bull market results in recent months. Some managers are trying to launch products that benefit from trend reversal – including proposals for ETFs that short Bitcoin.
Ahead of the first European market ETP, Hashdex recently appointed Acting CEO and President of Europe, Laurent Kisher, in March.
Casseh was previously Global Head of ETP at Swiss manager 21Shares, launching more than 25 ETP cryptocurrencies on various European regulated exchanges.
“We believe that with this benchmark and then delivering this institutional quality ETP, we have delivered exactly what investors asked for by offering a product with diversified exposure that reduces risk in cryptocurrencies,” in Kishas.
In February 2021, Hashdex . was launched Hashdex NASDAQ Crypto Fund (HDEX)which tracks the Nasdaq Crypto Index Bermuda Stock Exchange. The Hashdex Nasdaq Crypto ETF has become the world’s first crypto-based ETF and is currently available on BSX for accredited non-US investors.
HASH ETP . trading
Hashdex Nasdaq Crypto Europe ETP (HASH) Index It is a cryptocurrency traded on an exchange, among other places, the SIX Swiss Exchange.
SIX Swiss Exchange is a marketplace that provides access to a few Swedish banks and online brokers Dejero Do it.