(Cointelegraph) Global crypto-focused asset manager Hashdex will launch Web3 Exchange Traded Fund on Brazilian main stock exchange, B3.
The ETF aims to give investors diversification through Web3 and the underlying smart contract platforms.
The new ETF’s reserve period runs from Monday, March 14 and will run until March 25.
Hashdex CEO Marcelo Sampaio says Web3 is the future of the internet and underlines the potential of blockchain technology.
Dubbed WEB311, the new product will be launched in conjunction with CF Benchmarks, one of the leading digital asset market indexes.
The index will incorporate tokens from the two industry-leading platforms, Ethereum and Solana, which have the highest total value locked. Tokens of the emerging ecosystems will also be included.
The launch of Web3 ETF happens after, in August 2021, Hashdex debuted an ETF dedicated to the future of the internet.
ETHUSD is down -0.22%, SOLUSD is down -0.34%.
