What happened?
Hashdex Asset Management Ltd. and Nasdaq Global Indexes have expanded the Hashdex Nasdaq Crypto Index US ETF (NCIQ), which is a multi-asset spot crypto exchange-traded product (ETP) in the U.S. Originally launched in February 2025 with Bitcoin and Ether, the ETF now includes XRP, Solana, and Stellar, therefore giving exposure to five leading cryptocurrencies. These tokens collectively represent over $3 trillion in combined market capitalization.
Who does this affect?
The expansion of the NCIQ ETF affects U.S. investors seeking diversified access to digital assets. Rather than needing to select individual cryptocurrencies, investors can gain exposure to a basket of assets through a single, tradable product. The move is also significant for Hashdex, as it cements their position as a global leader in crypto index products with four index products tied to the global Nasdaq Crypto Index and $1.56 billion in assets under management.
Why does this matter?
This development is significant as it shows increasing demand from investors for structured, index-based crypto exposure. As regulatory clarity improves and generic listing standards are approved, these types of products are likely to expand and adapt. Additionally, this collaboration between Hashdex and Nasdaq underscores the growing maturation of crypto as an asset class, with diversified index products emerging as benchmarks for both institutional and retail allocation.