Hashdex, a crypto asset management firm, has filed an amendment with the SEC to expand its Nasdaq Crypto Index US ETF by incorporating several altcoins, notably XRP, in a bid for diversification and broader investor offerings.
Proposed Additions to the ETF
The amendment outlines the inclusion of cryptocurrencies such as XRP, Litecoin, Cardano, Solana, Chainlink, Avalanche, and Uniswap. These additions are expected to enhance the ETF’s diversification and align it more closely with the broader cryptocurrency market.
Background and Rationale
The Hashdex Nasdaq Crypto Index US ETF was launched in February 2025, initially focused on BTC and ETH. The proposed amendment seeks to rebalance the fund to reflect a more comprehensive range of digital assets, thereby mitigating risks associated with concentration in a few cryptocurrencies.
Regulatory Landscape and Market Implications
The inclusion of XRP is particularly noteworthy amidst recent regulatory developments. Hashdex's initiative may attract a broader range of investors seeking exposure to cryptocurrencies through a regulated investment vehicle. This reflects the evolving landscape of crypto investments and the growing acceptance of digital assets in traditional financial markets.
Hashdex's move to expand its Nasdaq Crypto Index US ETF underscores the dynamic nature of the cryptocurrency market and the importance of diversification in investment strategies. This development signifies a pivotal step toward broader crypto adoption within regulated financial products.
