Key Takeaways:
- Hashdex’s NCIQ ETF now includes BTC, ETH, XRP, SOL, and XLM, enabled by the SEC’s new generic listing rules.
- Nasdaq Rule 5711(d) allows ETFs to list crypto assets more easily if classified as commodities or backed by listed futures.
- This marks a regulatory shift toward broader crypto integration in traditional finance, with increased ETF activity expected.
Hashdex has expanded its U.S. Crypto Index exchange-traded fund (ETF), listed on Nasdaq under the ticker NCIQ, by adding XRP, Solana (SOL), and Stellar (XLM) alongside Bitcoin (BTC) and Ether (ETH).
The ETF now holds five cryptocurrencies, each backed 1:1 by the fund.
We're delighted to announce that the Hashdex Nasdaq Crypto Index US ETF (Ticker: $NCIQ) Expands, Bringing US Investors Access to Five Leading Crypto Assets ( $BTC, $ETH, $XRP, $SOL, $XLM ) Through One Diversified Product
— Hashdex (@hashdex) September 25, 2025
Read the Press Release: https://t.co/zrDAR7xljG pic.twitter.com/s1OUpx014m
This move was enabled by new generic listing standards approved by the U.S. Securities and Exchange Commission (SEC), which streamline the process for ETFs to include additional digital assets without lengthy approvals.
Under Nasdaq Rule 5711(d), assets must qualify as commodities or have futures contracts traded on recognized exchanges, and must also fall under the oversight of the U.S. Intermarket Surveillance Group, ensuring financial transparency and compliance.
Industry observers view the expansion as a milestone that could accelerate more crypto ETF applications, providing traditional investors broader exposure to digital assets.
The Hashdex ETF is the second multi-asset crypto investment product in the U.S., following Grayscale’s Digital Large Cap Fund.
The SEC, under its current leadership, is pursuing a more innovation-friendly regulatory stance, signaling a shift toward integrating cryptocurrencies more seamlessly into mainstream finance.
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