This article is from cointelegraph.com.br and the original article can be read here in Portuguese
Hashdex, global crypto asset manager, announces the start of the booking period for its new metaverse ETF. Called META11, the product will offer diverse exposure to leading crypto assets in the blockchain culture and entertainment industry. The start of trading on the Brazilian stock exchange (B3) is scheduled for June 3.
META11 will mirror the “CF Digital Culture Composite Index”, which in turn will invest in the main and most promising assets of the metaverse. The current constitution of the index invests in ten large projects, which are divided into three categories.
The first is digital culture protocols, which represents 70% of the total allocation. In this section are the following tokens: Decentraland (MANA), The Sandbox (SAND), Axie Infinity (AXS), Enjin (ENJ), Chiliz (CHZ) and Audius (AUDIO).
The second is the category of support protocols (15%), which currently has the following projects: Chainlink (LINK), Polygon (MATIC) and The Graph (GRT). Finally, the third category is registration platforms (15%), represented today by Ethereum (ETH).
“With the launch of this product, we will make it possible to invest in the crypto metaverse ecosystem in a safe and diversified way. It is a promising market, which has a growing adoption around the world”, comments Samir Kerbage, CTO of Hashdex.
Still according to Kerbage the metaverse is an industry at an early stage, that is transforming relevant industries in the entertainment world.
“This is a unique opportunity to enter the blockchain entertainment segment,” he says.
Hashdex advances in offering crypto ETFs
Banco Genial, XP Investimentos, NuInvest and BTG Pactual will coordinate the offer of the new ETF. META11 will have a total administration fee of 1.3%, and Hashdex estimates the initial quota amount to be R$50.
META11 will be the sixth cryptocurrency ETF that Hashdex places on the B3 shelf. A pioneer, the manager launched the first product of the modality in Brazil, HASH11. The fund invests in a basket of assets that seek to represent the best of the crypto market. Currently, the ETF has nearly 150,000 investors.
In 2021, the manager launched BITH11, a 100% green Bitcoin product, and ETHE11, an index fund that invests entirely in Ethereum. This year, the company made available DEFI11, which bets on the disruptive decentralized finance market. And also WEB311, which bets on smart contracts and the internet of the future.