Hashdex Seeks SEC Approval to Add XRP, Other Altcoins to Nasdaq Crypto Index US ETF
1min read Hashdex, a leading crypto asset management firm, has submitted an amendment to the U.S. Securities and Exchange Commission (SEC) to broaden its Nasdaq Crypto Index US ETF by incorporating several altcoins, with a notable inclusion of XRP. This strategic initiative is designed to diversify the fund’s holdings, which are currently dominated by Bitcoin (BTC) and Ethereum (ETH), thereby providing investors with a more comprehensive exposure to the cryptocurrency market.
The proposed additions to the ETF include XRP, a digital asset engineered for swift cross-border payments; Litecoin (LTC), often referred to as the silver to Bitcoin’s gold, known for its faster transaction times; Cardano (ADA), a blockchain platform focused on sustainability and scalability; Solana (SOL), recognized for its high-performance blockchain supporting decentralized applications; Chainlink (LINK), a decentralized oracle network enabling smart contracts to interact with real-world data; Avalanche (AVAX), a platform aiming to enhance blockchain interoperability and scalability; and Uniswap (UNI), a leading decentralized exchange protocol token. These additions are expected to bolster the ETF’s diversification, aligning it more closely with the broader cryptocurrency market.
The Hashdex Nasdaq Crypto Index US ETF was launched in February 2025, initially focusing on BTC and ETH. The proposed amendment seeks to rebalance the fund to reflect a more comprehensive range of digital assets, thereby mitigating risks associated with concentration in a few cryptocurrencies. This move underscores the dynamic nature of the cryptocurrency market and the importance of diversification in investment strategies.
The inclusion of XRP in the ETF is particularly significant, given its recent regulatory developments. The SEC’s ongoing legal proceedings with Ripple Labs, the company behind XRP, have raised questions about XRP’s classification. However, Hashdex’s move to include XRP suggests a growing confidence in its regulatory standing. If approved, this diversified ETF could attract a wider range of investors seeking exposure to multiple cryptocurrencies through a regulated investment vehicle. This development reflects the evolving landscape of crypto investments and the increasing acceptance of digital assets in traditional financial markets.
Hashdex’s proactive approach to expanding its Nasdaq Crypto Index US ETF signifies a pivotal step toward broader crypto adoption within regulated financial products, offering investors diversified exposure to the rapidly evolving digital asset ecosystem. The proposed inclusion of XRP and other altcoins in the ETF would provide investors with exposure to a wider array of digital assets, potentially enhancing the ETF's performance and appeal. However, the success of this expansion hinges on SEC approval, which remains a critical hurdle. The regulatory body's stance on cryptocurrencies has been cautious, and obtaining approval for new additions to crypto ETFs can be a lengthy and uncertain process.
