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Hashdex adds Shiba Inu (SHIB) and takes 1inch off index bottoms; check all portfolio changes

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As communicated, the rebalancing actions are recurring and take place every three months (Image: Crypto Times)

THE hashdexa crypto manager, announced this Thursday (1) some composition changes in three of its six exchange-traded cryptocurrency funds (ETFs)🇧🇷

Among them, META11, which focuses on projects of metaverse and digital culture in crypto, which now contains the Shiba Inu (SHIB) memecoin.

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As communicated, the rebalancing actions are recurring and take place every three months, according to the eligibility criteria present in the reference indices adopted by the manager’s ETFs.

In the first and main one, HASH11, Ethereum Classic (ETC) starts to compose the basket of assets. Ethereum Classic is a smart contract platform created from the original Ethereum project, having the same technological infrastructure and allowing the creation of decentralized applications and digital assets of the most varied types, including DeFi protocols and NFTs.

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Already in DEFI11, the Kyber Network (KNC) project is added. It is a liquidity optimizer and application aggregator of DeFi ecosystems on various smart contract platforms (such as Ethereum and Avalanche) and scalability solutions (such as Polygon).

“The Kyber Network aims to bring efficiency to liquidity in DeFi, in addition to allowing end users of decentralized finance to trade between crypto assets with lower fees. In this rebalancing, the 1inch (1INCH) cryptocurrency leaves the product.

Source: Moneytimes

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