The Coin Rise 2025-03-18 08:00:11

Hashdex Revises Crypto ETF to Include Seven Altcoins Alongside BTC and ETH

Asset manager Hashdex has filed an amendment to its S-1 regulatory document, proposing to add seven prominent altcoins to its cryptocurrency index exchange-traded fund (ETF). According to the March 14 filing , the ETF, which currently holds only Bitcoin (BTC) and Ether (ETH), is seeking to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). The move comes as part of Hashdex’s plan to broaden its crypto ETF offering, providing investors with exposure to a more diverse range of digital assets. While previous filings hinted at potential expansions, this is the first time Hashdex has explicitly named the altcoins it intends to include. The filing notes that the proposed assets “are decentralized peer-to-peer computer systems that rely on public key cryptography for security, and their values are primarily influenced by market supply and demand.” This description reflects the ETF’s goal of tracking leading digital assets with significant market presence. Strategic Shift Amid Regulatory Easing The revised filing also reveals Hashdex’s plan to switch its reference index from the Nasdaq Crypto US Index, which only tracks BTC and ETH, to the more comprehensive Nasdaq Crypto Index, covering a broader range of cryptocurrencies. However, the asset manager did not specify a timeline for this transition, noting that it will require approval from the U.S. Securities and Exchange Commission (SEC) before implementation. Hashdex’s move comes at a time when regulatory sentiment around crypto products is softening. The change follows U.S. President Donald Trump’s recent directive to federal regulators, urging a more lenient stance on digital asset oversight. Industry experts believe this political shift could accelerate the rollout of diversified crypto investment products. In December, the SEC approved both Hashdex and Franklin Templeton’s respective Bitcoin and Ether index ETFs. These funds, which launched in February, experienced moderate inflows, becoming the first U.S.-listed crypto ETFs offering broad index exposure. Broader Market Trend Toward Index Crypto ETFs Hashdex’s filing mirrors a broader industry trend, with multiple asset managers aiming to introduce diversified crypto ETFs. Grayscale has also filed to convert its Digital Large Cap Fund into an ETF . The fund, which was created in 2018, holds BTC, ETH, SOL, and XRP, reflecting the growing demand for multi-asset crypto funds. Market analysts believe that index-based crypto ETFs are the next major evolution for the industry, offering investors a simplified and diversified approach to crypto exposure—similar to traditional index-tracking ETFs like the S&P 500. As regulators ease their stance, the competition to launch diversified crypto ETFs is expected to intensify. The post Hashdex Revises Crypto ETF to Include Seven Altcoins Alongside BTC and ETH appeared first on TheCoinrise.com .

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