Hashdex files to expand its cryptocurrency index ETF
Hashdex expands its crypto index ETF
In a significant development for diversified crypto investment products, asset manager Hashdex has amended its S-1 regulatory filing to add seven altcoins to its cryptocurrency index exchange-traded fund (ETF).
Until now, the Hashdex Nasdaq Crypto Index U.S. ETF has only included Bitcoin and Ethereum. If approved, the revised offering would also feature Solana, XRP, Cardano, Chainlink, Avalanche, Litecoin, and Uniswap, marking a substantial broadening of the fund’s scope.
Proposed changes to the index
According to the March 14 filing, Hashdex intends to switch its reference index from the Nasdaq Crypto US Index, which currently tracks only BTC and ETH, to the more comprehensive Nasdaq Crypto Index. This shift aligns with a broader industry trend to include multiple digital assets under one ETF, especially now that U.S. regulators have signaled a more lenient approach to crypto under the Trump administration. The U.S. Securities and Exchange Commission (SEC) must still approve these changes before they can be implemented.
Evolving crypto ETF landscape
Hashdex is not alone in pursuing a more diverse crypto offering. In December, both Hashdex and Franklin Templeton received SEC approval for their respective Bitcoin and Ethereum index ETFs, while Grayscale has also applied to convert its Digital Large Cap Fund to an ETF. Industry analysts predict that index-based crypto funds could become the next major focus, allowing investors to gain exposure to a range of digital assets through a single product. Hashdex’s move to incorporate seven altcoins underscores the accelerating pace of crypto product rollouts, responding to investor demand for diversified, easily accessible portfolios.
As the crypto market continues to evolve, regulatory decisions on these proposed multi-asset ETFs may set new standards for how investors participate in the digital asset space. If successful, Hashdex’s revised fund could open the door to broader adoption of crypto index investing, potentially encouraging more traditional institutions to enter the market.
Read also: SEC considers reversal on crypto custody rule amid industry concerns
