Hashdex Asset Management and Nasdaq Global Indexes have expanded the Hashdex Nasdaq Crypto Index US ETF (NCIQ), giving U.S. investors diversified access to five leading cryptocurrencies in one product.
Launched earlier this year with Bitcoin and Ether, the ETF will now also include XRP, Solana, and Stellar according to the press release, providing exposure to a combined market capitalization exceeding $3 trillion. This move not only strengthens Hashdex’s position as a pioneer in crypto index investing but also provides investors a simpler entry into digital assets at a critical time for market sentiment.
Broader Market Access Through NCIQ
The expansion of NCIQ marks a significant milestone in the U.S. market. Investors now have one of the first opportunities to access multiple crypto assets directly through a single spot ETF. With the Nasdaq Crypto US™ Index (NCIUS) as its benchmark, the fund focuses on assets that meet strict liquidity and compliance criteria.
While ADA is currently eligible under the index rules, it is not included in NCIQ’s holdings. Hashdex already manages similar multi-asset products in Europe and Latin America, highlighting its global reach and experience.
Marcelo Sampaio, CEO of Hashdex, emphasized that the expansion reflects the growing demand from U.S. advisors and investors. CIO Samir Kerbage added that index investing in crypto eliminates the need to pick individual winners, making diversified products like NCIQ a natural next step for the sector.
Solana Faces Pressure After Rally
Despite its inclusion in the expanded ETF, Solana is under notable pressure in the spot market. The token has slipped nearly 20% over the past week, now trading at $193.25.
According to Umair Crypto, the decline began after bearish divergence appeared while Solana was near $250. Since then, price has broken below $200, a key psychological level, and is now testing lower supports. Immediate defense sits at $184.88, while a failure to hold could expose $160.88 as the next downside target.
Source: X
Momentum indicators confirm the weakness. The daily RSI has fallen below 40, suggesting strong selling pressure remains in play. Umair Crypto highlighted the need for a bullish structure to reemerge before confidence returns.
Short-Term Patterns in Focus
On shorter timeframes, MartyParty pointed out Solana’s repeating technical patterns. He noted that the hourly chart shows “three legs up with 50% pullbacks,” which mirrors previous Wintermute-driven moves.
These formations reflected 23% appreciation from the floor, but recent declines suggest caution until buyers regain control.