Hashdex Seeks SEC Approval to Add Litecoin, XRP, and More Altcoins to Nasdaq Crypto Index US ETF
Crypto Asset Manager Hashdex Expands ETF Scope
Hashdex, a prominent crypto asset management firm, has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) to expand its Nasdaq Crypto Index US ETF by adding several leading altcoins, including Litecoin (LTC), Ripple (XRP), and Cardano (ADA).
With the rising institutional interest in cryptocurrency exchange-traded funds (ETFs), Hashdex aims to broaden the scope of its crypto investment offerings. If approved, the ETF will include Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and Uniswap (UNI), alongside its existing allocations to Bitcoin (BTC) and Ethereum (ETH).
Expanding Institutional Access to Crypto Assets
Currently, Hashdex’s Nasdaq Crypto Index US ETF provides investors with regulated exposure to the crypto market, primarily tracking BTC and ETH. However, this expansion could diversify the fund, offering investors a broader selection of top-performing altcoins.
According to Hashdex’s official website, its Bermuda Stock Exchange-listed crypto fund already incorporates multiple altcoins, allowing institutional investors to diversify their portfolios beyond Bitcoin and Ethereum. By seeking SEC approval, the firm is positioning itself as a leader in bridging traditional finance with emerging crypto assets.
Regulatory Challenges and Market Impact
Hashdex’s SEC filing comes amid ongoing regulatory uncertainty in the U.S. crypto sector. While spot Bitcoin ETFs have gained regulatory traction, the approval of an altcoin-inclusive ETF would mark a significant milestone for institutional crypto adoption.
If granted approval, this move could fuel increased capital inflows into altcoins such as XRP, ADA, and LTC, which have historically been overshadowed by Bitcoin and Ethereum in regulated investment products.
Hashdex’s bid underscores a broader industry trend: the growing demand for diversified crypto investment vehicles that extend beyond Bitcoin and Ethereum, signaling a shift toward a more inclusive crypto ETF landscape.
