Hashdex amends S-1 filing for crypto index ETF to add 7 altcoins – including SOL and XRP

Share This Post

Asset manager Hashdex has amended its S-1 regulatory filing to expand its crypto index exchange-traded fund (ETF), proposing the addition of seven altcoins alongside Bitcoin (BTC) and Ethereum (ETH), according to a March 14 filing submitted to the Securities and Exchange Commission (SEC).

The revised filing seeks to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) in the Hashdex Nasdaq Crypto Index US ETF.

The fund, launched in February 2024, currently holds only Bitcoin and Ethereum and follows the Nasdaq Crypto US Index, which exclusively tracks the two largest cryptocurrencies by market capitalization.

The filing outlines a planned shift to the broader Nasdaq Crypto Index (NCI), which includes a wider selection of digital assets beyond BTC and ETH.

Hashdex has not provided a specific timeline for the transition, and the SEC must approve the proposed changes before they take effect.

Growing altcoin interest

Previous iterations of Hashdex’s S-1 hinted at the possibility of expanding the ETF’s asset mix, but this marks the first time specific altcoins have been named.

The filing describes the selected assets as decentralized networks that rely on public key cryptography for security, with values primarily influenced by market supply and demand conditions.

While these ETFs saw modest inflows initially, they represent the first US funds designed to provide diversified crypto exposure. Industry analysts have pointed to crypto index ETFs as the next step in expanding investment access following the approval of spot Bitcoin ETFs in January 2024.

Other asset managers, including Grayscale, have also moved to broaden their ETF offerings. Grayscale has applied to convert its Digital Large Cap Fund, which holds BTC, ETH, SOL, and XRP, into an ETF, a move that would introduce another multi-asset fund to the market.

Regulatory outlook

The SEC has acknowledged more than a dozen ETF filings related to cryptocurrencies this year, including proposals for staking features, in-kind redemptions, and expanded altcoin-based funds.

However, the timeline for approvals remains uncertain as regulators continue evaluating potential risks associated with broader crypto market exposure.

Hashdex’s proposed expansion reflects the growing demand for more comprehensive crypto investment products, but final approval will depend on regulatory assessments.

If cleared, the fund could offer US investors an alternative to single-asset crypto ETFs, diversifying exposure within a regulated framework.

The post Hashdex amends S-1 filing for crypto index ETF to add 7 altcoins – including SOL and XRP appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

BNB Ready To Breakout? New ATH Coming ‘In No Time’ If This Resistance Breaks

BNB is among today’s market leaders after seeing a 5% surge in the past 24 hours Amid its recent performance, the token is retesting key levels, leading some market watchers to forecast new highs

Solana Price Today: This Meme Coin Sees 130% Rally While Solana Pushes for $175

The post Solana Price Today: This Meme Coin Sees 130% Rally While Solana Pushes for $175 appeared first on Coinpedia Fintech News Solana Price is now at $128 It couldn’t beat the bearish momentum

Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards This stance

Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing

The post Metaplanet Expands Bitcoin Holdings Amid Market Corrections and Strategic Financing appeared first on Coinpedia Fintech News Metaplanet Inc (Tokyo: 3350), a fast-growing company through a

Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation!

The post Trump’s SEC Pick Paul Atkins Faces Shocking Delay – Missing Paperwork Stalls Confirmation! appeared first on Coinpedia Fintech News Paul Atkins, President Donald Trump’s nominee for

Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch

The post Burwick Law Sues LIBRA Memecoin Creators Over Deceptive Token Launch appeared first on Coinpedia Fintech News The Supreme Court of New York is set to review the Libra token case after a