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The ETF will “mirror” the CF Benchmarks’ DeFi Composite Index, which comprises decentralized applications, service protocols and the Ethereum network Hashdex launched the world’s first crypto ETF, the Hashdex Nasdaq Crypto Index ETF, in February 2021 Crypto asset manager Hashdex has gained approval to launch the world’s first decentralized finance (DeFi) ETF, the company announced on Wednesday.

“By offering the first DeFi ETF in the world, we are providing our global investors with the ability to play a part in the next evolution of the crypto ecosystem.” The ETF will “mirror” the CF Benchmarks ’ DeFi Composite Index, the firm revealed.

Similar index products exist within DeFi, with the largest by market capitalization being the DeFi Pulse Index (DPI), which includes Uniswap, Aave and Maker as its top 3 holdings.

Hashdex launched the world’s first crypto ETF, the Hashdex Nasdaq Crypto Index ETF, in February 2021.

The first product, the Victory Hashdex Nasdaq Crypto Index Fund , is a private fund available to accredited investors.