Hashdex Seeks SEC Approval for Expanded Crypto ETF
Hashdex Expands Crypto ETF Application to the SEC
Hashdex, a leading provider of cryptocurrency exchange-traded funds (ETFs), has submitted an amendment to the Securities and Exchange Commission (SEC) seeking approval to include additional cryptocurrencies in its Nasdaq Crypto Index US ETF (NCIQ).
Key Additions Proposed
- XRP
- Solana (SOL)
- Cardano (ADA)
- Chainlink (LINK)
- Avalanche (AVAX)
- Litecoin (LTC)
- Uniswap (UNI)
This expansion signifies Hashdex's commitment to providing diversified exposure to the evolving cryptocurrency market through its ETF offerings.
NCIQ ETF Overview
Launched on February 13, 2025, NCIQ is the first dual Bitcoin-Ethereum ETF in the US. It currently holds approximately 88% Bitcoin and 12% Ethereum, boasting approximately $70 million in total net assets. The ETF charges a 0.25% annual management fee until December 31, 2025, increasing to 0.5% thereafter. Coinbase Custody and BitGo Trust act as the crypto custodians.
Inclusion Criteria
Hashdex's selection process for inclusion in the NCIQ index is rigorous. Crypto assets must meet several key criteria, including:
- Trading on at least two major crypto platforms
- Custodial support from reputable providers
- Sufficient trading volume
- Listing on a US-regulated crypto asset or derivatives platform
Codeum's Role in Blockchain Security
At Codeum, we understand the critical importance of security in the cryptocurrency space. We provide comprehensive blockchain security and development services, including:
- Smart contract audits
- KYC verification
- Custom smart contract and DApp development
- Tokenomics and security consultation
- Partnerships with launchpads and crypto agencies
Looking Ahead
The SEC's decision on Hashdex's amendment will be closely watched by the industry. Approval would represent a significant step in the expansion of regulated crypto investment products in the US.