Coinspeaker
Sep 25, 2025
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Hashdex Crypto Index ETF Approved by SEC to List on Nasdaq

The US Securities and Exchange Commission (SEC) approved the expansion of the Hashdex Nasdaq Crypto Index ETF under new listing standards. This ETF includes major digital assets like Bitcoin, Ethereum, XRP, Solana, and Stellar.

Key Points

  • The ETF will trade on Nasdaq with the ticker NCIQ, following Grayscale's GDLC launch.
  • It is structured as an "emerging growth company" in Delaware, meeting Nasdaq's updated listing requirements.
  • XRP represents 6.9% of the index, Solana accounts for 4.3%, while Bitcoin and Ethereum dominate with 72.5% and 14.8%, respectively.
  • The inclusion of XRP and Solana is expected to attract more institutional interest and pave the way for spot ETFs for these assets.

Hashdex Crypto Index ETF | Source: SEC website

Regulatory Changes Impacting ETF Launches

  • The SEC's application of generic listing standards for crypto ETFs has accelerated the approval process.
  • Previously, approvals could take up to 270 days; the new framework allows clearance in as little as 75 days.
  • Asset managers, including Steven McClurg of Canary Capital Group, are preparing for a surge in ETF launches.