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Hashdex Seeks to Expand U.S. Crypto ETF to Include Litecoin, XRP and Other Altcoins
The proposed amendment would include various cryptocurrencies in the in the Hashdex Nasdaq Crypto Index US ETF.
Mar 17, 2025, 4:31 p.m.
What to know:
- Hashdex is looking to add LTC, XRP, ADA, LINK, AVAX, UNI and SOL to its U.S.-based crypto ETF.
- The amendment would diversify the fund beyond its current bitcoin-heavy portfolio.
- A similar Hashdex ETF in Bermuda already tracks a broader basket of cryptocurrencies
Crypto asset manager Hashdex filed an amendment with the U.S. Securities and Exchange Commission (SEC) seeking to add and XRP among other cryptocurrencies to its Nasdaq Crypto Index US ETF.
The proposal also lists cardano's ADA, solana's SOL and other altcoins including LINK, AVAX and UNI. The fund is currently mostly bitcoin (BTC) with some exposure to ether (ETH), according to Hashdex’s website.
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An alternative version of the fund traded on the Bermuda Stock Exchange, the Hashdex Nasdaq Crypto Index ETF, already offers exposure to the broader basket of cryptocurrencies. The Hashdex Nasdaq Crypto Index US ETF is designed to track a diversified set of digital assets, offering investors regulated exposure to the crypto market.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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