😱🔥Hashdex seeks SEC approval for 6 Altcoins🤯
Asset management company #Hashdex has requested approval to expand the Nasdaq Crypto Index US ETF, which is approved by the Securities and Exchange Commission (SEC) and open for trading, to include more cryptocurrencies. These cryptocurrencies are reported as #XRP , #ADA , $LINK , $AVAX , LTC and UNI.
The ETF, which is traded on Nasdaq with the code NCIQ, can be invested in Bitcoin and Ether. The ETF, which opened for trading on February 13 after receiving approval from the SEC, is the first dual-asset (BTC and ETH) ETF in the US.
The fund, which will apply an annual payment fee of 0.25 percent until December 31, 2025, is provided by Coinbase Custody and BitGo Trust as custody services. The total assets of the ETF are around $70 million. 88 percent of this amount is Bitcoin and 12 percent is Ether.
It is also noteworthy that Hashdex’s request to expand the ETF to more assets, including XRP, comes shortly after the company sold a spot ETF for XRP in Brazil.
