Asset manager Hashdex has expanded its Nasdaq-listed Crypto Index US ETF, ticker NCIQ, to include XRP, Solana, and Stellar, alongside Bitcoin and Ether.
The move follows new SEC generic listing standards for ETFs, approved in September, which accelerate approval processes for certain cryptocurrencies. To qualify, assets must be classified as commodities or have futures contracts on recognized exchanges, and be under U.S. Intermarket Surveillance Group oversight.
Market experts anticipate a wave of fresh ETF applications, broadening investor access to cryptocurrencies through regulated stock markets. This framework aims to blur the line between traditional financial products and digital assets.
The expansion echoes the SEC’s recent greenlight for Grayscale’s Digital Large Cap Fund, which features BTC, ETH, XRP, SOL, and Cardano. SEC Chair Paul Atkins is leading efforts to modernize ETF regulations and streamline approvals for digital finance products.
With Hashdex’s move, traditional equity investors can now gain direct, regulated exposure to a broader basket of leading cryptocurrencies.
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