Hashdex Seeks SEC Approval to Add XRP & Cardano to Its Nasdaq Crypto Index ETF!

Jakarta, Pintu News – The crypto market continues to evolve with the latest innovation from Hashdex who filed with the SEC to add Ripple (XRP) and Cardano (ADA) into their US Nasdaq Crypto Index ETF.

This move marks a new era in the diversification of crypto assets in regulated investment products.

Introduction of Crypto ETF by Hashdex

Hashdex, a leading crypto asset manager, has filed a change application with the US Securities and Exchange Commission (SEC) to include Ripple XRP->Current XRP PriceRp 0Market Cap-Trading Volume-Circulating Supply- and Cardano ADA->Current ADA PriceRp 0Market Cap-Trading Volume-Circulating Supply- in the US Nasdaq Crypto Index ETF (NCIQ).

Read also: Metaplanet Buys 150 Bitcoins Worth $12 Million During Market Crash, Company Targets 10,000 BTC!

The application was filed on March 14, with the aim of expanding the crypto asset offering in an ETF that already includes Bitcoin BTC->Current BTC PriceRp 0Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 and Ethereum ETH->Current ETH PriceRp 0Market Cap-Trading Volume-Circulating Supply-. The ETF, which was launched on February 13, 2025, carries a management fee of 0.25% per year until December 31, 2025, after which it will increase to 0.5%.

Currently, the ETF has net assets of around $70 million with Bitcoin (BTC) and Ethereum (ETH) dominating the asset composition.

Asset Expansion in ETFs

In its latest filing, Hashdex not only includes Ripple (XRP) and Cardano (ADA), but also lists Solana SOL->Current SOL PriceRp 0Market Cap-Trading Volume-Circulating Supply-, Litecoin (LTC), and several others as part of the asset expansion.

The decision to add these assets is based on the strict criteria set by Hashdex, which ensures only eligible crypto assets will be included in the index.

This filing also reflects Hashdex’s strategy to reflect the proposed weighting of crypto assets based on their market valuations. This demonstrates Hashdex’s commitment to providing transparent and regulation-based products that allow investors to access crypto markets in a more secure and diversified manner.

Market Reaction and Impact

Hashdex’s filing has gained attention from investors and market watchers, given that it could be one of the first crypto ETFs to include Ripple (XRP) and Cardano (ADA) in its asset composition. This marks an important step in the acceptance of crypto assets in more traditional and regulated investment products.

Read also: Aave V3 is Officially Available at Celo! DeFi is Now Easier for Mobile Users

In addition, several other asset managers have also applied for separate crypto ETFs covering Ripple (XRP) and Cardano (ADA), indicating a growing trend where crypto assets are being more integrated into mainstream financial products. This could have a positive impact on the price and adoption of these assets.

Overall, Hashdex’s move in proposing these changes shows the evolution of the crypto market as it continues to evolve and mature.

With the existence of regulated investment products like ETFs, investors have safer and diversified access to the crypto market. This not only helps in increasing crypto adoption but also provides new opportunities for investors to get involved in this digital revolution.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Crypto Briefing. Nasdaq to Launch Crypto ETF. Accessed on March 19, 2025
• CryptoSlate. Hashdex Amends S-1 Filing for Crypto Index ETF to Add 7 Altcoins Including SOL and XRP. Accessed on March 19, 2025
• The Crypto Basic. Hashdex Files with SEC to Add XRP and Cardano to its Nasdaq Crypto Index US ETF. Accessed on March 19, 2025