Key Takeaways
- Hashdex and Nasdaq expanded their crypto index ETF, adding XRP, Solana, and Stellar to Bitcoin and Ether holdings.
- The ETF now provides US investors exposure to five major digital assets through a single, regulated product.
Hashdex Asset Management and Nasdaq Global Indexes said Thursday they are expanding the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to include XRP, Solana, and Stellar.
The expansion follows SEC approval permitting the ETF to hold assets beyond Bitcoin and Ethereum under the regulator’s new generic listing standards. With the three additional assets, Hashdex can now give investors broader exposure to the crypto market.
Marcelo Sampaio, co-founder and CEO of Hashdex, said in a statement that the move marked a big step for the US market as investors and advisors can now access multiple major crypto assets through a single regulated ETF.
“The expansion of the NCIQ will now provide investors access to Bitcoin, Ether, XRP, Solana, and Stellar all in one product, giving investors an easier way to participate in a fast-growing crypto industry,” Sampaio stated.
Hashdex CIO Samir Kerbage said that crypto index ETFs like NCIQ are the easiest, safest, and most future-proof way for investors to gain crypto exposure.
“Crypto index investing is emerging as a category that defines how investors allocate to this new asset class, and the Nasdaq Crypto Index (NCI) is designed to be its benchmark. As with past technological revolutions, diversified index products with thoughtful methodologies can play a pivotal role in helping investors benefit from market transformations,” Kerbage stated.
Source: https://cryptobriefing.com/nasdaq-crypto-index-etf-expansion/