The Brazilian asset manager – Hashdex – received approval from the SIX Swiss Exchange to list cryptocurrency exchange-traded products in Switzerland. The firm plans to increase its global reach and offer its services to European investors.
Another company launches Crypto ETPs for Switzerland
Since a long time, the European nation has shown a positive attitude towards entities that want to offer cryptocurrency-exchange-traded products. According to a recent press release, the next organization to launch such an investment tool is Brazil’s Hashdex. The initiative became possible after the latter received a green light from the SIX Swiss Exchange (Switzerland’s primary stock exchange).
Hashdex’s entry into the Swiss ecosystem will aim to establish a bridge between local and European investors, who can then join the crypto world.
The company’s Founder and CEO – Marcelo Sampaio – said his organization’s main goal is to offer “simple, secure, and diversified exposure through baskets of crypto assets that address various sectors in this exciting space.” He also described Hashdex as the largest digital asset manager in Latin America.
Addressing the collaboration with the SIX Swiss Exchange was Bruno Sousa – Head of Global Expansion:
“Building on the success of our range of solutions on the other side of the Atlantic, which meet best-in-class standards, our goal is to make them available in Switzerland first and soon across European investors. Switzerland offers a legal framework conducive to crypto assets and is a crucial step in our global development.”
Hashdex’s expansion to Switzerland doubles down on the company’s plans to solidify its position on European soil. Laurent Kssis was appointed Managing Director, Head of Europe. In addition, Hashdex has been actively recruiting talents in Zurich, Paris, London, Lisbon, and other European hubs to support the firm’s global expansion.
CoinShares’ Bitcoin ETP
CoinShares, another cryptocurrency asset manager, offers Swiss crypto-exchange-traded goods. CoinShares, which ticks BITC, introduced a Bitcoin ETP last year.
CoinShares’ Chief Revenue Officer – Frank Spiteri – believes institutional clients have a “very strong due-diligence process.” As such, they deserve to deal with the “best-in-class product to embrace that demand.”
Speaking on the matter was also CoinShares’ Chief Strategy Officer – Meltem Demirors. She said that the ETP began with $200 million in AUM.