The post Hashdex ETF Expansion Could Shake Up the Crypto Market – Here’s Why appeared first on Coinpedia Fintech News Bitcoin, the king of crypto , just couldn’t break past the $84,000 barrier early Tuesday, leaving traders on edge. Altcoins like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) followed suit, sinking into the red. With the Market Fear & Greed Index stuck at 25 (Fear), it’s clear that uncertainty is ruling the game right now! However, amid the downtrend, investors have high hopes for ETFs as they expect good investment in the near term helping the market rebound. Meanwhile, Hashdex, a well-known asset manager, has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to expand its cryptocurrency index exchange-traded fund (ETF). The updated proposal aims to include seven altcoins—Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI)—alongside Bitcoin (BTC) and Ethereum (ETH). This is the biggest amendment so far and gives hope to the shaking altcoin market. A Push for Diversified Crypto Exposure Launched in February 2024, the Hashdex Nasdaq Crypto Index US ETF currently tracks only Bitcoin and Ethereum . The latest filing signals a shift toward a broader investment strategy, aligning with the Nasdaq Crypto Index (NCI), which includes multiple digital assets rather than just the top two by market capitalization. This move is significant because previous filings hinted at expanding the ETF’s asset mix but never named specific altcoins until now. Hashdex has not given a timeline for the change, as it still needs approval from the U.S. Securities and Exchange Commission (SEC). Rising Interest in Multi-Asset Crypto ETFs Regulatory shifts may speed up ETF approvals. President Donald Trump Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President recently directed federal regulators to take a more relaxed approach to digital assets. This could make it easier for Hashdex to secure approval for its expanded ETF. Industry experts see multi-asset ETFs as the next big step in making crypto more accessible to mainstream investors. Nate Geraci, president of ETF Store sees this as a potential game-changer, as it would allow firms to introduce multiple share classes within a single ETF, improving efficiency and expanding investment options. Other major players, like Grayscale , are also working on expanding their ETF offerings. Grayscale has proposed converting its Digital Large Cap Fund—comprising BTC, ETH, SOL, and XRP—into an ETF, which could bring another multi-asset investment vehicle to the market. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Canary Capital Files for SUI ETF, SUI token Jump by 8% , Regulatory Uncertainty Remains The SEC has been flooded with crypto ETF proposals this year, including those featuring staking mechanisms and in-kind redemptions. However, the regulatory outlook remains uncertain as authorities continue evaluating potential risks. 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The Hashdex Nasdaq Crypto Index ETF is a crypto fund tracking Bitcoin and Ethereum, now seeking SEC approval to add seven major altcoins. Is Hashdex legit? Yes, Hashdex is a reputable asset manager known for launching crypto ETFs, complying with regulations, and providing secure investment options.
