Hashdex includes seven new altcoins in its crypto ETF, sparking hope for diversity amidst market uncertainty.
Expansion of Hashdex Crypto Index
Hashdex has filed an amendment with the U.S. Securities and Exchange Commission to expand its crypto ETF, including Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) alongside Bitcoin (BTC) and Ethereum (ETH). This move could provide a boost for the anxious altcoin market.
Increasing Interest in Multi-Asset ETFs
Interest in multi-asset ETFs is on the rise, especially after the U.S. President ordered federal regulators to take a softer stance on digital assets. Experts claim this opens doors to broader crypto investments.
Regulatory Uncertainty Remains
Despite many crypto ETF proposals, regulation remains uncertain as authorities assess potential risks. If approved, Hashdex's updated ETF would provide a regulated way to invest in multiple cryptocurrencies in one fund.
Hashdex's ETF amendment brings confidence to investors during market volatility, despite ongoing regulatory uncertainty.
