#NasdaqETFUpdate

Nasdaq expands crypto index – Hashdex NCIQ ETF

• Nasdaq updated the Nasdaq Crypto US Settlement Price Index (NCIUS) on June 2nd, adding XRP, SOL, ADA, XLM alongside BTC and ETH

• The Hashdex Nasdaq Crypto Index US ETF (code NCIQ) currently tracks that index, but cannot directly hold the new tokens (XRP, SOL, ADA, XLM) due to legal restrictions—it only holds BTC and ETH, causing tracking error with the underlying index

• Nasdaq submitted a proposal to the SEC in March 2025 to allow the ETF to directly hold all 9 assets in the index (including LINK, LTC, UNI) — ruling expected on November 2, 2025