Hashdex adds Litecoin to its Hashdex Nasdaq Crypto Index US ETF, aiming to enhance the diversification and attractiveness of the fund.
Purpose of the Hashdex ETF
The Hashdex Nasdaq Crypto Index US ETF is designed to capture overall trends in the cryptocurrency market by providing diversified exposure to various digital assets, helping investors mitigate risks.
Litcoin Addition to the ETF Index
The inclusion of Litecoin broadens the asset base of the fund, potentially improving its diversification. This move makes the fund more appealing to investors interested in the cryptocurrency sector. It follows Hashdex's recent approval to launch the world's first XRP spot ETF on Brazil's B3 stock exchange.
Overview of Litecoin
Litecoin, created in 2011, is a peer-to-peer cryptocurrency that enables near-zero cost payments to anyone worldwide. It operates on an open-source, decentralized network without central authority.
Adding Litecoin to the Hashdex Nasdaq Crypto Index US ETF showcases the company's commitment to enhancing diversification and expanding offerings within the cryptocurrency sector.
