Hashdex reports USD117 million raised for its crypto-asset indices in first half of 2022
Crypto asset manager Hashdex has announced its crypto ETPS that track crypto multi-asset indices attracted USD117.9 million from global investors in the first half of 2022.
The firm writes that this is more than all of Hashdex’s competitors combined when comparing fundraising for crypto multi-asset ETPs, citing data compiled from Bloomberg.
Hashdex currently offers six ETFs on the Brazilian stock exchange (B3) that track cryptocurrency indices, including HASH11, which replicates the Nasdaq Crypto Index, an index co-developed by Hashdex to benchmark the institutionally investable crypto market.
The product has already established itself as the second-largest ETF to date on B3 in number of investors across all asset classes, with more than 150,000 investors, and has attracted more than USD80 million in the first half of 2022.
"We are pleased with the trust investors placed in our products. This result reveals the effort of our work to offer investors worldwide the best investment strategies for the crypto assets market through safe and regulated vehicles across multiple segments of the crypto ecosystem," says Samir Kerbage, Chief Product & Technology Officer at Hashdex. "Despite the current challenges within the market, we continue to see increased levels of interest and investments in our products from both existing and new investors, confirming our belief that crypto assets are here to stay and that investors are leveraging this market downturn to position themselves for the long term."
The firm recently launched its first European product, the Hashdex Nasdaq Crypto Index Europe ETP, on the SIX Swiss Exchange under the ticker symbol SIX: HASH SW. The ETP tracks the Nasdaq Crypto Index European index designed to measure the performance of the overall digital asset market while remaining reflective of the ETP listing standards at specified European exchanges.
The firm writes that NCIE was specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by European institutional investors. Hashdex’s European presence is overseen by Managing Director and Head of Europe Laurent Kssis and European Senior Sales and Distribution Manager Benjamin Ittah, both of whom joined the firm this year, as well as Dramane Meite, Head of Product for New Markets.