Do you already know the newest cryptocurrency fund that arrived on the market, the Hashdex Crypto Selection FIC FIM? This product is a creation of the Hashdex manager itself, which also happens to be the first Itaú cryptocurrency fund. Through this partnership, the bank is able to distribute these shares for at least R$1 to any interested investor. All this with a three-month exclusivity on the sale of these assets.
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Discover Hashdex Crypto Selection
For now, the fund functions as a composition of Hashdex's own ETFs, such as, for example, HASH11 (35%), which in turn is a compilation of NCI cryptoassets. In addition, BITH11 (20%) is also part of the composition, which, it is worth remembering, is a 100% Bitcoin product. In addition to WEB311 (18%), DEFI11 (16%) and ETHE11 (11%), which route 100% of their funds in Ethereum.
In terms of management fee, the new fund will charge a total of 2% per year, in addition to the 20% performance fee in case of exceeding the NCI index. As for the redemption deadlines, these will be on D+21 for coatization and D+1 for liquidation cases. According to Hashdex, the crypto will have dynamic management, in which it will be possible to choose investment theses and product rebalancing. Not to mention risk management, which will have a total exposure limit in crypto, as well as volatility relative to the benchmark.
First distribution of cryptocurrencies by Itaú
With this initiative, Itaú has its first cryptocurrency distribution in history, with a minimum investment of R$ 1. However, it is worth noting that the bank already offered products that access the blockchain tool and the world of crypto assets. In this case, the partnership with Hashdex works as a complement to this offer. According to Itaú, the focus of the work is to generate greater security within this system, which, as we know, has high volatility in final assets.