Hashdex Asset Management Ltd. and Nasdaq Global Indexes have announced the expansion of the Hashdex Nasdaq Crypto Index US ETF (NCIQ), significantly enhancing its offerings as a multi-asset spot crypto exchange-traded product (ETP) in the United States. Originally launched in February 2025, the ETF started with exposure to Bitcoin and Ether. Now, it welcomes additional cryptocurrencies including XRP, Solana, and Stellar, bringing the total number of assets included in the fund to five. Collectively, these digital tokens represent a substantial market capitalization exceeding $3 trillion, according to Hashdex.
This strategic move provides U.S. investors with easier access to a diversified portfolio of digital assets through a single tradable product. The ETF is designed to track the Nasdaq Crypto US Index (NCIUS), offering a structured, rules-based approach to crypto investment while circumventing the complexities associated with selecting individual cryptocurrencies.
Hashdex has established itself as a leader in the management of multi-asset crypto ETPs in Europe and crypto ETFs in Latin America. With $1.56 billion in assets under management, the firm now boasts four index products linked to the global Nasdaq Crypto Index. Marcelo Sampaio, co-founder and CEO of Hashdex, remarked on this development as a significant milestone aimed at meeting the evolving needs of U.S. advisors and investors.
The expansion of NCIQ comes in response to increasing demand from U.S. investors seeking structured, index-based exposure to cryptocurrency markets. Samir Kerbage, Chief Investment Officer at Hashdex, noted that the ETF allows investors to gain dynamic exposure to the market rules-based approach, eliminating the need to identify individual cryptocurrencies for investment. He attributed this growth to enhanced regulatory clarity and the approval of generic listing standards, which have facilitated the ETF’s ability to adapt in line with the introduction of new assets meeting index criteria.
The NCIUS index has been meticulously crafted through collaboration between Nasdaq and Hashdex, incorporating rigorous eligibility standards including liquidity, market capitalization, and regulatory compliance. Notably, while Cardano (ADA) meets the criteria for the index, it is not presently included in the holdings of NCIQ.
The collaboration between Hashdex and Nasdaq mirrors a broader trend of innovation within the cryptocurrency space, following their partnership that began in 2021, during which they have jointly developed various indices and index-based crypto products. Nasdaq operates as the index administrator and listing venue for NCIQ, while Coinbase Custody and BitGo Trust are responsible for the custody of crypto assets. U.S. Bank Global Fund Services serves as the fund administrator, and Paralel Distributors LLC handles marketing efforts.
As the crypto landscape continues to evolve and mature, diversified index products like NCIQ are gaining traction as essential tools for both institutional and retail investors aiming to allocate funds in a structured manner.
