Two companies have gone head-to-head in recent weeks to launch the world’s first DeFi (decentralized finance) ETFs (exchange-traded funds) in Brazil.
, which as of January tracked 12 digital assets spanning across dApps, service protocols and settlement networks.
In an early Thursday press announcement shared with The Block, Hashdex said the DeFi ETF had attracted 2,200 confirmed investors and raised $10.5 million. However, the Brazilian finance publication that this amount was just more than 10% of the firm’s initial estimate. Hashdex has a total of more than $1 billion in assets under management.
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