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Crypto asset manager Hashdex is looking to expand its Nasdaq Crypto Index US ETF by adding several new cryptocurrencies, including Litecoin (LTC), XRP, Cardano (ADA), and Solana (SOL). According to a recent amendment filed with the U.S. Securities and Exchange Commission (SEC), the firm also wants to include Chainlink (LINK), Avalanche (AVAX), and Uniswap (UNI) in its fund.
Current and proposed portfolio changes
At present, the Nasdaq Crypto Index US ETF is mostly invested in Bitcoin (BTC), with some exposure to Ethereum (ETH). The proposed changes would make the ETF more diversified, giving investors exposure to a broader range of digital assets.
Hashdex’s global crypto offerings
Hashdex already operates a similar ETF on the Bermuda Stock Exchange, called the Hashdex Nasdaq Crypto Index ETF, which offers a more expansive mix of cryptocurrencies. The U.S. version of the fund aims to track a diversified selection of digital assets while ensuring compliance with regulatory standards.
This move comes as crypto ETFs gain momentum, with fund managers seeking to expand their offerings beyond Bitcoin and Ethereum. However, SEC approval remains a key hurdle before these additions can be implemented.