Brazilian capital management company Hashdex, together with Nasdaq, will launch the world’s first exchange-traded fund (ETF) on the Bermuda Stock Exchange (BSX).
According to BSX, the fund will be called Hashdex Nasdaq Crypto Index. As part of the launch of the ETF, 3 million E-class shares will be issued on the platform. The launch of the Hashdex Nasdaq Crypto Index is scheduled for the end of this year, and the choice of the BSX exchange is linked to the favorable regulatory policy of Bermuda.
Hashdex manages four funds with a total capitalization of $46.4 million, while the company also invests in crypto assets. The auditor is KPMG, the main banking partner is Silvergate Bank, and the crypto assets are stored in Xapo, Kingdom Trust, and Vo1t custodial services.
More detailed information about ETF will be disclosed closer to the launch of the fund. Let us recall that in July this year, Michael Sonnenshein, Managing Director of Grayscale Investments, expressed confidence that approval of the ETF for bitcoins in the U.S. is only a matter of time.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin was between $10,300-$11,000. Now, the price of bitcoin is $10,420. In the future, we predict a movement below the support level of $10,300. The nearest resistance levels are $10,500, $10,700, $10,800, $10,900, $11,000, $11,100, $11,300, $11,400, $11,500, $11,650, $11,850, $12,000, $12,230, $13,000, $13,500. The nearest support levels are $10,340, $10,300, $10,250, $10,200, $10,000, $9,850, $9,600, $9,400, $9,300, $9,200, $9,000, $8,600.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum dropped to the support level of $330. Now, it is $334. In the future, we predict a decline. The nearest resistance levels are $350, $355, $365, $375, $380, $385, $390, $400, $410, $415, $420, $430, $440, $443, $470, $475, $500, $530. The nearest support levels are $330, $325, $310, $300, $290, $277, $270, $260, $257, $250.
Technical analysis of Ripple (XRP):
Over the past day, the price of was between $0.23-$0.2350. Now, it is $0.2310. In the future, we predict a decline. The nearest resistance levels are $0.2350, $0.2450, $0.2480, $0.25, $0.2550, $0.2580, $0.26, $0.27, $0.28, $0.29, $0.2960, $0.30, $0.3080, $0.31, $0.32, $0.3250, $0.3450. The nearest support levels are $0.23, $0.2250, $0.22, $0.2150, $0.21, $0.2060, $0.2020, $0.20.
