Nasdaq Lists New Index Featuring Six Altcoins
US-based Nasdaq has listed a blockchain-focused index. Defix (DEFX) is the first altcoin index following popular Ethereum-based, decentralized finance projects (DeFi). The six cryptocurrencies are said to be the most promising in the sector: Augur, Gnosis, Amoveo, Numerai, Maker and 0x.
The index is up 14.86% on Thursday, soaring past the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite, up .17%, .29% and .30%, respectively. It’s currently available on Tradingview and Google.
Multinational brokerage firm Exante streamlined the introduction of the new index.
In 2012, Exante’s Bitcoin fund became one of the most profitable hedge funds in history, offering overall returns of 70,000% since its launch.
The company also launched the XAI fund, which gives investors exposure to various cryptocurrencies including Ether (ETH), Litecoin (LTC) and Monero (XMR).
Consumers can invest in the index via a Defix fund, gaining exposure to leading DeFi projects through a secure, accredited platform.