Crypto asset manager Hashdex launched a Web3 exchange-traded fund (ETF) today on Brazil’s B3 stock exchange.
Crypto asset manager Hashdex launched a Web3 exchange-traded fund Thursday on Brazil’s B3 stock exchange, highlighting its growing portfolio of crypto-related products.
The ETF, known as WEB311, currently has 29.42 million Brazilian reais in net assets. The fund has attracted 1,270 investors to date, a Hashdex spokesperson told The Block. Hashdex developed WEB311 with crypto index provider CF Benchmarks, and said it"replicates" the so-called “CF Web 3.0 Smart Contract Platforms Index.” At launch, it includes exposure to seven digital assets used for smart contract blockchains: Ethereum and Cardano , Solana , Polkadot , Algorand , Tezos and Cosmos .
The WEB311 ETF is the latest in a list of crypto-related offerings Hashdex has released since launching the Hashdex Nasdaq Crypto Index ETF last year. That ETF now has more than 150,000 investors, Hashdex said in a March 15 announcement. It has also listed Bitcoin and Ethereum ETFs (
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