Brazilian Hashdex Launches DeFi ETF on Stock Exchange
Brazilian crypto-asset manager Hashdex launched a DeFi exchange-traded fund (ETF) on Brazil's B3 stock exchange on Thursday, but the ETF only received $10.5 million from investors, about one-tenth of what the company expected to receive, according to a February report.
The Hashdex ETF, which trades under the ticker symbol DEFI11, was expected to raise $96 million, but attracted only 2,200 investors.
Developed in collaboration with global crypto index provider CF Benchmarks, DEFI11 reflects CF DeFi's modified composite index, an index that features Uniswap (UNI), Aave (AAVE), Compound (COMP) and Maker (MKR) tokens and others.
The index also supports the DeFi protocol, including identity verification and scalability solutions such as Polygon (MATIC), Chainlink (LINK) and The Graph (GRT).
