Today marks a historic moment in the world of finance and technology.
I’m Marcelo Sampaio, co-founder and CEO of Hashdex, and it gives me immense pleasure to be here at the New York Stock Exchange to commemorate the six-month anniversary of our Hashdex Bitcoin Futures ETF, a first-of-its-kind crypto ETF available in the US market.
This product, the first and only crypto ETF regulated solely under the Securities Act of 1933, represents a groundbreaking regulatory achievement that sets a new standard for the future of investing. We believe that by working together with regulators, we can continue to drive progress and innovation in the financial industry while maintaining stability and protecting investors, and are optimistic that a successful conversion to a bitcoin spot ETF, such as with our Hashdex Bitcoin Futures ETF, will be the next step for the industry.
At Hashdex, we deeply believe in the transformative power of crypto as a technology. And the long-term value of bitcoin is especially apparent during challenging economic moments, like the one we find ourselves in today. We chose the ticker DEFI for this ETF to honor Bitcoin’s role as the pioneer of the decentralized finance revolution that is poised to make our financial system more accessible and equitable. And blockchain technology is already revolutionizing the way we transact and interact with each other.
As we stand on the cusp of a new era in finance and innovation, it is worth reflecting on the historical precedents of transformative technologies.
Throughout history, technological innovation has been often controversial in its early days. The electric bulb was no better than a candle, automobiles no better than a horse and carriage, and the internet’s impact no greater than a fax machine. New technologies are often met with skepticism, but ultimately innovation triumphs over the fear of change. This is what enables our society to progress.
We see Bitcoin and crypto as a monumental leap in this progression.
As a company, we are proud to be at the forefront of this revolution, and we are committed to being responsible stewards of this technology. We recognize this is just the beginning of a long journey, and we are excited to be your investment partner along the way.
I would like to take this opportunity to thank our partners and investors who have been with us every step of the journey. Tidal and Teucrium have been instrumental in bringing this ETF to market, and we are grateful for having crossed paths with them.
I would also like to thank our beloved Hashdexers, who have worked tirelessly to make this launch a reality. Without your dedication and hard work, we would not be here today.
Knowing that history has its eyes on us, let us look around, look around, how lucky we are to be alive right now witnessing the start of a new era in finance and technology that will benefit far more people than our traditional legacy systems. Let us embrace innovation and lead the way in the adoption of this incredible force for good, which Bitcoin is. Let us continue to be responsible and accountable stewards of this technology. And let us continue to work together to build a better future, for all.
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