LONDON, NEW YORK, RIO DE JANEIRO - Starting from 31 of August, Chilean investors will be able to access the crypto market in a reliable, simple and diversified way due to a new partnership between BTG Pactual Chile and Hashdex, a leading global crypto-focused asset manager. To this end, the BTG Pactual Asset Management team developed the “BTG Pactual Hashdex Nasdaq Crypto IndexTM“ fund, which uses the "Hashdex Nasdaq Crypto Index ETF (HASH11)” as its underlying asset. HASH11 is an Exchange Traded Fund (“ETF”) that is traded on the Sao Paulo Stock Exchange and is regulated by the Securities and Exchange Commission of Brazil (“CVM”).
Operating since April 2021, this “Nasdaq Crypto IndexTM” was developed by Nasdaq, in partnership with Hashdex, and is updated on a quarterly basis. The index is currently weighted with more than 90% in Bitcoin and Ethereum, and its corresponding investment products have approximately US$300 million in assets under management.
“We are excited to partner with BTG Pactual and Hashdex to provide Chilean investors the opportunity to incorporate crypto into their investment portfolios,” says Sean Wasserman, Vice President, Global Head of Index & Advisor Solutions at Nasdaq.
Francisco Bize, Portfolio Manager of BTG Pactual Asset Management, explains that the reason for this partnership is the “high and growing interest of various investors in venturing into the crypto world that, until now, did not have instruments in the local market that allowed them to invest easily, safely and in a regulated environment.”
Bruno Ramos de Sousa, Head of New Markets at Hashdex, added, “BTG Pactual and Hashdex have been collaborating on innovative crypto products for many years – including in the launch of HASH11. The bank is recognized globally for its premium services, and its leadership in Chile makes it the perfect partner for further expanding our footprint in a key market within LatAm, while we simultaneously continue to grow our presence in Europe and the U.S.”
Hashdex uses best practices in the market to maintain the security of assets, as evidenced by its: high technology cold storage where 100% of the assets are stored in deep-cold storage units and systems are completely disconnected from the internet; geographical distribution of the private keys; ability to divide assets into multiple custodians; and insurance policy against theft, private key loss and fraud; among other measures.
The fund is aimed at investors with an ultra-aggressive profile. The minimum investment amount is US$50, and it will be available 100% digitally through digital.btgpactual.cl.
Hashdex is a global pioneer in crypto asset management. Hashdex's simple and secure funds invite innovative investors to join the emerging crypto economy. Hashdex's mission is to provide educational resources and best-in-class products that advance its efforts to build pathways to prosperity by opening the crypto ecosystem to the world. Nasdaq developed, in partnership with Hashdex, the Nasdaq Crypto Index™ (NCI™) to provide global investors with a reliable benchmark for the crypto asset class. In 2021, Hashdex introduced the world's first crypto ETFs and other innovative products, enabling over 260,000 investors to simply and securely add crypto to their portfolios. For more information visit www.hashdex.com.
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About BTG Pactual:
BTG Pactual (BPAC11) is the biggest investment bank from Latin America, operating in Investment Banking, Corporate Lending, Sales & Trading, Wealth Management and Asset Management. Since inception, in 1983, the Bank has been run based on a meritocratic partnership culture, focused on clients, excellence and a long-term vision. We have cemented our status as one of the most innovative sector players and have won numerous national and international awards. We currently have more than 6,000 employees in offices across Brazil, as well as in Chile, Argentina, Colombia, Peru, Mexico, the US, Portugal and England. For more information go to http://www.btgpactual.com
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