The Bermuda Stock Exchange will list the first Bitcoin exchange-traded fund available to the public. On September 18, the BSX announced the product, the Hashdex Nasdaq Crypto Index ETF. The exchange w
The Bermuda Stock Exchange will list the first Bitcoin exchange-traded fund available to the public. On September 18, the BSX announced the product, the Hashdex Nasdaq Crypto Index ETF. The exchange will issue 3 million Class E shares for trading.
Hashdex, a regulated Brazilian asset manager, partnered with Nasdaq to develop the fund. The firm manages $46.4 million across funds holding crypto and other assets. It uses Xapo, Vo1t, Trust, and Kingdom as custodians.
Advertisement
728×90
No launch date has been announced. Infomoney, a local news outlet, reported the fund could begin trading by year's end. Hashdex chose Bermuda for its welcoming stance toward crypto. Nasdaq will release the fund's methodology and specifications at launch.
The ETF gives institutions and traders crypto exposure through a conventional investment vehicle. Investors gain market access without holding Bitcoin, avoiding custody complications.
Marcelo Sampaio, Hashdex's CEO, told O Globo the fund would elevate institutional investment in crypto to a new threshold.
Raoul Pal, a former Goldman Sachs executive and fund manager, said this week that a Bitcoin ETF in the US is approaching approval. "I'm going to give you the biggest front-running opportunity of your life: they will get an ETF across the line," Pal said. "There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate."
The SEC has rejected multiple Bitcoin ETF proposals, including those from Wilshire Phoenix and the Winklevoss twins.
MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.
Advertisement
728×90
Bitcoin reached $109,356 on January 20, 2025, marking a new all-time high coinciding with Trump's inauguration.
Bitcoin Cash ABC's price rocketed 62% in the past day, climbing from $12.27 to $19.97 as the project released a new client focused on stability fixes. The rebound offered holders a reprieve after the
Bitcoin reached $18,483 in the past 24 hours, extending a significant rally over the previous week. BTC/USD climbed more than 15 percent in the last seven days following a breakthrough past the $16,00
Law enforcement caught a California man attempting one of the more dramatic getaways in recent financial crime history. Matthew Piercey, accused of orchestrating a massive investment scam, tried to es
Grayscale Investments has crossed an unprecedented $10.4 billion in digital asset holdings, marking the first time the institutional crypto fund manager has reached this significant threshold. The mil
DeFi token yearn.finance (YFI) jumped more than 20% as Bitcoin surged past $18,000, sparking enthusiasm across the crypto market. The token climbed from just above $21,000 to an intraday peak of $24,8
Verifiable crypto journalism, delivered to your inbox.
Weekday mornings. No hype. No financial advice. Just what happened and why it matters.
No spam. Unsubscribe anytime. Read our privacy policy.
