Hashdex’s Ambitious Expansion Plans
Crypto asset management firm Hashdex has recently submitted an amendment to the U.S. Securities and Exchange Commission (SEC) with a bold proposal. This amendment seeks to broaden the scope of its Nasdaq Crypto Index US ETF by including a variety of altcoins, specifically litecoin (LTC) and XRP, among others.
Diverse Cryptocurrency Inclusion
In addition to Litecoin and XRP, Hashdex’s proposal outlines the inclusion of several other prominent cryptocurrencies. These include Cardano’s ADA, Solana’s SOL, and notable altcoins such as Chainlink (LINK), Avalanche (AVAX), and Uniswap (UNI). Currently, the fund primarily consists of Bitcoin (BTC) and has some exposure to Ether (ETH), as detailed on Hashdex’s official website.
Existing Offerings on International Markets
Interestingly, an alternative version of this fund is already active on the Bermuda Stock Exchange under the name Hashdex Nasdaq Crypto Index ETF. This version offers investors a broader exposure to a diverse array of cryptocurrencies, which sets a precedent for the expansion of the U.S. counterpart.
Regulated Access to the Crypto Market
The Hashdex Nasdaq Crypto Index US ETF is crafted with the intention of tracking a diversified portfolio of digital assets. By doing so, it provides investors with a regulated avenue to engage with the burgeoning crypto market, ensuring they can benefit from the potential growth of multiple cryptocurrencies beyond just Bitcoin and Ether.
Through these strategic initiatives, Hashdex is positioning itself as a forward-thinking player in the rapidly evolving landscape of cryptocurrency investment, aiming to attract a wider array of investors interested in diversifying their crypto portfolios.
