🔥Nasdaq Crypto Index US ETF Update and Key Developments‼️
💥Expansion Plans
Nasdaq has filed a Form 8-K with the SEC to expand the Hashdex Nasdaq Crypto Index US ETF's benchmark to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM). This move aims to broaden the index from five to nine cryptocurrencies.
💥Current Holdings
Due to regulatory constraints, the ETF currently holds only Bitcoin and Ethereum, despite the index tracking more cryptos. A sampling mechanism is used to mitigate tracking errors.
💥Expected Decision
The SEC is expected to decide on this proposal by November 2, 2025.
💥ETF Details
🔹️Launch Date:
The Hashdex Nasdaq Crypto Index US ETF officially launched on February 13, 2025, with $70 million in assets.
🔸️Management Fee:
The ETF charges a 0.25% annual management fee, increasing to 0.50% after 2025.
🔹️Custodians:
Coinbase Custody and BitGo Trust serve as crypto asset custodians for the fund.
💥Included Cryptocurrencies
🔹️Bitcoin (BTC)
🔸️Ethereum (ETH)
🔹️XRP
🔸️Solana (SOL)
🔹️Cardano (ADA)
🔸️Stellar Lumens (XLM)
🔹️Chainlink (LINK)
🔸️Litecoin (LTC)
🔹️Uniswap (UNI)
