Key Takeaways
- Hashdex and Nasdaq expanded their crypto index ETF, including XRP, Solana, and Stellar to Bitcoin and Ether holdings.
- The ETF now gives US traders publicity to 5 main digital property by way of a single, regulated product.
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Hashdex Asset Administration and Nasdaq International Indexes stated Thursday they’re increasing the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to incorporate XRP, Solana, and Stellar.
The enlargement follows SEC approval allowing the ETF to carry property past Bitcoin and Ethereum beneath the regulator’s new generic itemizing requirements. With the three further property, Hashdex can now give traders broader publicity to the crypto market.
Marcelo Sampaio, co-founder and CEO of Hashdex, stated in a press release that the transfer marked an enormous step for the US market as traders and advisors can now entry a number of main crypto property by way of a single regulated ETF.
“The enlargement of the NCIQ will now present traders entry to Bitcoin, Ether, XRP, Solana, and Stellar multi functional product, giving traders a neater solution to take part in a fast-growing crypto trade,” Sampaio said.
Hashdex CIO Samir Kerbage stated that crypto index ETFs like NCIQ are the simplest, most secure, and most future-proof method for traders to realize crypto publicity.
“Crypto index investing is rising as a class that defines how traders allocate to this new asset class, and the Nasdaq Crypto Index (NCI) is designed to be its benchmark. As with previous technological revolutions, diversified index merchandise with considerate methodologies can play a pivotal function in serving to traders profit from market transformations,” Kerbage said.
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