Regulated Brazilian fund manager Hashdex has reportedly entered a partnership with Nasdaq, to roll out the first crypto asset exchange-traded fund (ETF) throughout the world. 

Specifically, Hashdex reportedly revealed that it has finalized the approval for  the ‘Hashdex Nasdaq Crypto Index On September 18, with the issuance for 3 million Class E shares for trade on the platform will be carried out. 

The fund will reportedly be available and trading on the Bermuda Stock Exchange (BSX) towards 2020’s end. Hashdex has reportedly selected BSX for the release because the regulations in the region are pro-crypto. 

Exchange-traded funds can reportedly provide a means of access for institutional investors to gain exposure to commodities in a regulated and insured manner, at no cost of holding the underlying assets.

Despite the specific information of the ETF is yet to be publicly disclosed, Hashdex reportedly shared that the methodology and other key data of the product will be revealed by Nasdaq upon the release date of the product. 

Hashdex at the moment is reportedly providing management for $46.4 million worth of assets divided into 4 funds. KPMG is reportedly in charge of auditing for the firm, its primary financial institution is Silvergate Bank, and Hashdex’s crypto asset custodians are Xapo, Kingdom Trust, and Vo1t.

“I’m going to give you the biggest front-running opportunity of your life: they will get an ETF across the line. There will be billions of dollars that pour into it. Every pension plan will allocate some money to it. Every family office will allocate some money to it. And the more the price goes up, the more they will allocate.” former Goldman Sachs executive and fund manager Raoul Pal reportedly shared regarding the release of the Bitcoin ETF across the US being imminent.