Hashdex will serve as a Sapphire Sponsor for INDEX 2026, DEX’s annual gathering taking place on November 12 in São Paulo. The manager’s participation brings to the event a firm that helped pioneer Brazil’s crypto ETF market and expanded its footprint across multiple international financial centers.
With over R$ 5 billion in assets related to the crypto ecosystem, Hashdex maintains an international presence. This scale reflects a track record of index development, fund structuring, and providing access to the digital asset market through exchange-traded vehicles.
In Brazil, two of its flagship products illustrate this footprint: HASH11 and BITH11 account for approximately R$ 4 billion in assets under management as of October 21. The former offers a basket of crypto assets, while the latter provides targeted Bitcoin exposure. These distinct strategies demonstrate how the industry evolved to offer choice within an asset class that, just a few years ago, lacked ETF options on B3.
HASH11 and Opening a New Frontier on B3
HASH11 began trading on April 26, 2021, as the first ETF benchmarked to a crypto asset index on the Brazilian exchange. The launch introduced to the ETF ecosystem an exposure that previously required alternative access points and custody setups from investors.
The milestone extended beyond the launch of a single ticker. The asset basket enabled investors to combine multiple crypto assets into a single vehicle with index methodology and brokerage execution, aligning this market with the infrastructure already used by investors and allocation professionals. More than five years later, HASH11 holds approximately R$ 2.6 billion in assets under management (as of October 21), while BITH11 gathered R$ 1.41 billion.
Want to follow discussions on indices, strategies, and the ETF market? INDEX 2026, DEX’s annual event, takes place on November 12 in São Paulo. Secure your spot.
Connecting Brazil with International Markets
International expansion included the US launch of NCIQ in February 2025. The American product debuted with Bitcoin and Ether, establishing the first spot crypto ETP holding multiple assets in that market.
That structure continued to evolve. In September 2026, NCIQ expanded to include nine crypto assets following the addition of Hyperliquid. The update illustrates a central challenge in the industry: translating the evolution of the digital asset universe into eligibility, rebalancing, and exposure rules that can be implemented by investment products.
The partnership with Nasdaq, which will also serve as a Sapphire Sponsor for INDEX 2026, forms a key part of this development. Joint efforts in developing crypto benchmarks connect asset selection to index infrastructure and multi-market product offerings.
Contributing to Industry Discussion
Hashdex’s Brazilian product lineup includes exposure to Bitcoin, Ether, Solana, and XRP, alongside crypto baskets and thematic strategies. This evolution broadens industry discussions beyond price direction to encompass methodology, concentration, custody, liquidity, distribution, and how these products fit into portfolio allocation decisions.
For INDEX 2026, Hashdex’s presence adds the perspective of an asset manager involved in major international crypto ETF milestones. The sponsorship reinforces the event’s connection with companies helping build new investment benchmarks and expanding possibilities across the Brazilian ETF market.
Informational content. Product references do not constitute investment recommendations.
