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1h ago

SEC Approves Hashdex Crypto Index ETF to Add XRP, Solana and Stellar

The decision reflects the SEC’s new accelerated listing standards that Hashdex met by amending its trust structure.

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SEC ETF nod puts Hashdex ETF in spotlight: XRP, Solana, Stellar come together

Overview

  • The Hashdex Nasdaq Crypto Index US ETF won approval to expand beyond bitcoin and ethereum under the SEC’s new generic listing framework and Nasdaq’s revised standards.
  • As of September 25, filings show roughly 7% XRP and about 4% Solana in the portfolio, with bitcoin and ethereum still comprising the bulk of the fund.
  • The ETF is set to trade on Nasdaq under the ticker NCIQ, with an amended Delaware trust agreement confirming compliance with updated listing requirements.
  • Hashdex updated its trust on September 18 and formalized the changes on September 24 to qualify for the faster pathway that can clear products in as little as about 75 days versus the prior 270-day reviews.
  • Initial market reaction was subdued, with major tokens slipping and ETF flows mixed, including recent inflows to bitcoin funds and outflows from ethereum funds reported by Farside Investors.