Hashdex seeks to add seven altcoins to US ETF for $70M fund

Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to expand its Nasdaq Crypto Index US ETF by adding seven new altcoins.

The proposed additions include Litecoin (CRYPTO:LTC), XRP (CRYPTO:XRP), Cardano (CRYPTO:ADA), Solana (CRYPTO:SOL), Chainlink (CRYPTO:LINK), Avalanche (CRYPTO:AVAX), and Uniswap (CRYPTO:UNI). 

This move would diversify the fund beyond its current allocation of approximately 88% Bitcoin (CRYPTO:BTC) and 12% Ethereum (CRYPTO:ETH), with total net assets of about $70 million.

The Nasdaq Crypto Index US ETF, launched on February 13, 2025, is the first dual Bitcoin-Ethereum ETF in the U.S.

It charges a 0.25% annual management fee until the end of 2025, after which it will increase to 0.50%.

The ETF tracks the Nasdaq Crypto US Index, co-developed by Nasdaq Global Indexes and Hashdex, to measure the performance of major crypto assets.

Hashdex’s filing comes after the company successfully launched the world’s first spot XRP ETF in Brazil, which gained regulatory approval.

The expansion reflects growing demand for diversified crypto investment products within a regulated framework.

A similar Hashdex ETF listed on the Bermuda Stock Exchange already includes a broader range of cryptocurrencies, serving as a model for the U.S. expansion.

The SEC must approve the proposed changes before they take effect.

If cleared, the expanded ETF would offer investors a diversified portfolio beyond single-asset crypto funds, potentially increasing mainstream participation in the crypto market.