Mar 18, 2022
Hashdex to launch world's first pure-play Web 3.0 ETF, WEB311, powered by CF Web 3.0 Smart Contract Platforms Index
WEB311 will become the first publicly listed fund to reference CF Benchmarks' recently launched CF Web 3.0 Smart Contract Platforms Index
Hashdex, the leading Brazilian digital asset management firm, has announced that it will list the first pure-play Web 3.0 ETF, aiming to provide a secure and diversified method for investing in Web3 and its underlying smart contract platforms.
The ETF will list on Sao Paolo’s B3 exchange on March 30, 2022, under the ticker WEB311, after a round of initial orders beginning on March 14 and scheduled to close on March 25.
WEB311 will become the first publicly listed fund to reference CF Benchmarks' recently launched CF Web 3.0 Smart Contract Platforms Index.
The CF Web 3.0 Smart Contract Platforms Index is a liquid, investible benchmark portfolio index that tracks the return performance of smart contract platforms within the digital asset space.
The Bloomberg Terminal ticker for CF Web 3.0 Smart Contract Platforms Index is CFSPMCUB.
The index seeks to capture returns of all eligible protocols under the Settlement category and Programmable sub-category of CF Benchmarks’ CF Digital Asset Classification Structure (CF DACS) that launched in January.
The index is published once a day, reconstituted on a twice-yearly basis and rebalanced quarterly.
Currently, the CF Web 3.0 Smart Contract Platforms Index’s index page, displays a version corresponding to the traditional closing time of Brazil’s stock market.
CF Web 3.0 Smart Contract Platforms Index – Brazil is calculated and published once a day at 4:00pm Brasilia Time.
Versions of the index corresponding to traditional closing times of other major stock markets will be published in due course.
Apart from its 4:00 pm, Brasilia Time publication, CF Web 3.0 Smart Contract Platforms Index – Brazil, has the same specifications as described here.
Index constituents are weighted by means of a capped free-float market capitalisation methodology, in accordance with the CF Digital Asset Series Ground Rules and the index methodology.
The index will initially consist of 7 assets that accurately reflect eligible returns of CF DACS’s Settlement category and Programmable sub-category.
Current constituents and their weights are shown in the table below.
| Asset | Ticker | Weight At Last Rebalance (01/03/2022) |
|---|---|---|
| Ethereum | ETH | 22.50% |
| Cardano | ADA | 22.50% |
| Solana | SOL | 22.50% |
| Polkadot | DOT | 11.91% |
| Algorand | ALGO | 11.46% |
| Tezos | XTZ | 5.29% |
| Cosmos | ATOM | 3.84% |
Read Hashdex's press release about the WEB311 ETF here
Visit the CF Web 3.0 Smart Contract Platforms Index page
More about the CF Digital Asset Classification Structure here
Watch the CF Digital Asset Classification Structure launch video below
CF Digital Asset Index Family - Multi Asset Series Ground Rules
The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell any of the underlying instruments cited including but not limited to cryptoassets, financial instruments or any instruments that reference any index provided by CF Benchmarks Ltd. This communication is not intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. Please contact your financial adviser or professional before making an investment decision.
Note: Some of the underlying instruments cited within this material may be restricted to certain customer categories in certain jurisdictions.
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