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1h ago

SEC Clears Hashdex’s NCIQ to Add XRP, Solana and Stellar Under New Listing Rules

New SEC generic listing standards enabled the expansion, signaling a faster path for additional multi-asset crypto ETFs.

Hashdex wins approval to add XRP, Solana, and Stellar to its crypto index ETF
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SEC ETF nod puts Hashdex ETF in spotlight: XRP, Solana, Stellar come together
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Overview

  • Hashdex’s Nasdaq Crypto Index US ETF (ticker NCIQ) won approval to expand beyond Bitcoin and Ether, adding XRP, Solana and Stellar to its holdings.
  • Nasdaq’s updated generic listing framework allows qualified crypto ETPs to list without a separate Commission order, compressing approval timelines to roughly 75 days.
  • Hashdex amended and formalized its trust agreement on September 18 and 24 to meet the exchange’s revised requirements for the multi-asset product.
  • NCIQ tracks the Nasdaq Crypto US Index, with reported weights keeping Bitcoin and Ether dominant (about 72.5% and 14.8%) and smaller allocations to XRP (~6.9–7.1%) and Solana (~4.2%).
  • The fund lists on Nasdaq with Coinbase Custody and BitGo Trust as custodians and U.S. Bank Global Fund Services as administrator, as industry participants anticipate more multi-asset ETF filings; immediate market price reactions were muted.