Place/Date: Stockholm, Sweden – November 8th, 2022 at 3:38 pm UTC · 3 min read
Contact: Ben Heath ,
Source: Vinter
Hashdex, a leading global crypto-focused investing company, today announced it has partnered with Vinter, the crypto index provider, for the launch of the Hashdex Crypto Momentum Factor ETP (exchange-traded product). The first-of-its-kind investment vehicle is designed to enable institutional investors to capitalize on trending crypto assets that are experiencing upward price momentum. The ETP is now listed on the SIX Swiss Exchange and the Deutsche Börse Xetra, and will be available on Euronext Paris and Amsterdam, on Wednesday 09 November.
Jacob Lindberg, CEO of Vinter, said:
“To attract institutional investors, it is necessary to create innovative products. The Vinter Hashdex Risk Parity Momentum Index is an innovative index – it allocates to the top performing crypto assets, while limiting the risk. Hashdex is one of the largest crypto asset investing companies globally, and we are pleased to partner with them to launch this ETP in the European market”.
The new ETP tracks the Vinter Hashdex Risk Parity Momentum Index, co-developed by Hashdex and Vinter, and contains 12 large-cap crypto assets that are eligible on key European exchanges and exhibit relatively higher price momentum. The ETP limits the risk contribution of any single underlying asset and is rebalanced monthly. This allocation provides unique exposure compared to a market cap index and demonstrates the differentiation of the momentum approach. The weights of each asset are determined by its relative risk-adjusted price performance, in a quantitative and rules-based manner, providing a different basket composition that other more traditional approaches do not offer.
Bruno Sousa, Head of New Markets at Hashdex adds:
“There is an increasing appetite from investors to invest in high momentum crypto assets, and we are delighted to be able to offer this within our latest product. Vinter has a highly experienced team with an excellent track record, and provided the on-demand quantitative data we needed to support the creation of this unique product that expands our product offering beyond traditional investment strategies.”
About Vinter
Vinter is Europe’s fastest-growing index provider specialised in crypto assets, playing a key role in the emerging crypto ETF industry. The firm collects digital asset data from hundreds of sources, transforming proprietary strategies into investable products.
About Hashdex
Hashdex is a global pioneer in crypto investing. Hashdex’s simple and secure products invite innovative investors to join the emerging crypto economy. Hashdex’s mission is to provide educational resources and best-in-class products that advance its efforts to build pathways to prosperity by opening the crypto ecosystem to the world. In 2021, Hashdex introduced the world’s first crypto ETFs and other innovative products, enabling over 260,000 investors to simply and securely add crypto to their portfolios.
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