The fund, called the Hashdex DeFi Index ETF, will list on the Brazilian stock exchange on February 17 and invest in tokens generated by decentralized apps rather than crypto or listed companies. The move will allow investors to track a basket of projects betting on trading and lending networks whose standards are automated and often decided by consensus.
| less than a minute read
Brazil plans to launch the world’s first DeFi ETF
“By offering the first DeFi ETF in the world, we are providing our global investors with the ability to play a part in the next evolution of the crypto ecosystem”
