Hashdex has partnered with index provider Vinter on a new crypto basket exchange-traded product (ETP) incorporating momentum and risk management criteria.
The Hashdex Crypto Momentum Factor ETP listed on the SIX Swiss Exchange and Deutsche Boerse and will be available on Euronext Paris and Amsterdam from Wednesday 9 November.
The ETP tracks the Vinter Hashdex Risk Parity Momentum index of the 12 largest crypto assets exhibiting relatively higher price momentum.
The index rebalances monthly to maximise relative risk adjusted price performance, based on each coin’s momentum factor score and equal-risk weighting, Vinter said.
Jacob Lindberg, CEO of Vinter, said: “The Vinter Hashdex Risk Parity Momentum Index is an innovative index - it allocates to the top performing crypto assets while limiting the risk.”
Bruno Sousa, head of new markets at Hashdex added: “Vinter […] provided the on-demand quantitative data we needed to support the creation of this unique product that expands our product offering beyond traditional investment strategies.”
The Brazilian crypto asset manager entered Europe in March and by the end of April had announced its first product, the Hashdex Nasdaq Crypto Index Europe ETP (HASH).
In June the firm hired Benjamin Ittah as European senior sales and distribution manager from Tabula Investment Management.
The firm's managing director and head of Europe Laurent Kssis departed in September.