BSX & MIH Approve Listing Of Hashdex

September 24, 2020

The Bermuda Stock Exchange [BSX] and parent company Miami International Holdings, Inc. [MIH], today announced that the Hashdex Nasdaq Crypto Index ETF was approved for listing on the BSX.

BSX President and CEO Greg Wojciechowski commented, “The team at the BSX welcomes the Hashdex Nasdaq Crypto Index ETF listing. The ETF listing is the first structure of its kind to list on the BSX, and dovetails with the BSX’s longer-term strategy to support and seek opportunities in the developing fintech industry.”

Thomas P. Gallagher, BSX Chairman and Chairman and Chief Executive Officer of MIH, stated, “We are pleased that the Hashdex Nasdaq Crypto Index ETF chose to list on the BSX – a development that underscores the BSX’s commitment to provide exchange support for the emerging digital assets securities market. Bermuda’s innovative culture and standing as a successful international financial center were key contributors in MIH’s decision to invest in the BSX and Bermuda.”

Marcelo Sampaio, Hashdex CEO stated, “We are truly excited to bring to market the first true crypto ETF in the world with the support of the BSX, MIH and Nasdaq. We believe that the launch of the Hashdex Nasdaq Crypto Index ETF is significant and is poised to transform financial markets in big ways in the years to come.”

The Hashdex Nasdaq Crypto Index ETF is an open-ended investment fund that will work as a traditional ETF, with a creation and redemption mechanism involving the delivery of a basket of assets or cash by authorized participants. It will track the Nasdaq Crypto Index to represent the institutional investable landscape of cryptocurrency assets.

Appleby [Bermuda] Limited acted as Bermuda counsel for the Hashdex Nasdaq Crypto Index ETF and Clarien BSX Services Limited was listing sponsor for the BSX. Appleby partner Steven Rees Davies stated, “The listing of the Hashdex Nasdaq Crypto Index ETF on the BSX is a great achievement for both the Hashdex and BSX teams and is testament to how real the opportunities are in the digital asset sector for those willing to think outside the box and create solutions that facilitate regulated access to new markets.”

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