- Hashdex has filed an amendment with the SEC to add several altcoins including XRP and LTC to its Nasdaq Crypto Index US ETF.
- The proposal aims to expand the ETF beyond its current holdings, which primarily consist of Bitcoin and some Ethereum.
- Hashdex already offers a similar diversified crypto ETF on the Bermuda Stock Exchange that includes a broader range of digital assets.
Crypto asset manager Hashdex is seeking regulatory approval to expand its cryptocurrency offerings to U.S. investors. The firm recently filed an amendment with the Securities and Exchange Commission (SEC) that would add Litecoin (LTC), XRP, and several other altcoins to its Nasdaq Crypto Index US ETF.
The proposed amendment would significantly diversify the fund’s holdings beyond its current composition. According to Hashdex’s website, the ETF currently maintains predominantly bitcoin (BTC) exposure with a smaller allocation to ethereum (ETH). If approved, the updated fund would expand to include Cardano (ADA), solana (SOL), ChainLink (LINK), Avalanche (AVAX), and Uniswap (UNI).
This move aligns with the firm’s international strategy, as Hashdex already manages a similar but more diverse product outside the United States. The Hashdex Nasdaq Crypto Index ETF, which trades on the Bermuda Stock Exchange, provides exposure to a broader basket of digital assets than its U.S. counterpart.
The Nasdaq Crypto Index US ETF is structured to track a diversified set of cryptocurrencies, offering investors a regulated vehicle to gain exposure to the crypto market. This amendment represents part of a broader industry trend toward more comprehensive cryptocurrency investment products as the market matures and regulators establish clearer frameworks for digital asset investments.
The timing of the SEC’s decision on this amendment remains to be determined, as the regulator continues to evaluate various cryptocurrency investment vehicles and their compliance with securities regulations.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Move Programming Language on Aptos Offers Enhanced Security Through Bytecode Verification and Runtime Auditing
- Nomura Research Institute Issues Digital Bond Using Blockchain, Explores Improved Settlement Methods
- CESUR MINING Launches Free Cryptocurrency Cloud Mining Service with Flexible Contract Options
- ‘HyperBearWhale’ Trader Narrowly Avoids $330M Bitcoin Short Liquidation
- ECB Official Warns Trump’s Crypto Agenda Could Trigger Financial Crisis
