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Hashdex ETF Expansion Could Shake Up the Crypto Market – Here’s Why

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The post Hashdex ETF Expansion Could Shake Up the Crypto Market – Here’s Why appeared first on Coinpedia Fintech News

Bitcoin, the king of crypto , just couldn’t break past the $84,000 barrier early Tuesday, leaving traders on edge. Altcoins like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) followed suit, sinking into the red. With the Market Fear & Greed Index stuck at 25 (Fear), it’s clear that uncertainty is ruling the game right now!

However, amid the downtrend, investors have high hopes for ETFs as they expect good investment in the near term helping the market rebound. Meanwhile, Hashdex, a well-known asset manager, has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to expand its cryptocurrency index exchange-traded fund (ETF). The updated proposal aims to include seven altcoins—Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI)—alongside Bitcoin (BTC) and Ethereum (ETH). This is the biggest amendment so far and gives hope to the shaking altcoin market.

A Push for Diversified Crypto Exposure

Launched in February 2024, the Hashdex Nasdaq Crypto Index US ETF currently tracks only Bitcoin and Ethereum. The latest filing signals a shift toward a broader investment strategy, aligning with the Nasdaq Crypto Index (NCI), which includes multiple digital assets rather than just the top two by market capitalization.

This move is significant because previous filings hinted at expanding the ETF’s asset mix but never named specific altcoins until now. Hashdex has not given a timeline for the change, as it still needs approval from the U.S. Securities and Exchange Commission (SEC).

Rising Interest in Multi-Asset Crypto ETFs

Regulatory shifts may speed up ETF approvals. President Donald Trump recently directed federal regulators to take a more relaxed approach to digital assets. This could make it easier for Hashdex to secure approval for its expanded ETF. Industry experts see multi-asset ETFs as the next big step in making crypto more accessible to mainstream investors. Nate Geraci, president of ETF Store sees this as a potential game-changer, as it would allow firms to introduce multiple share classes within a single ETF, improving efficiency and expanding investment options.

Other major players, like Grayscale, are also working on expanding their ETF offerings. Grayscale has proposed converting its Digital Large Cap Fund—comprising BTC, ETH, SOL, and XRP—into an ETF, which could bring another multi-asset investment vehicle to the market.

Regulatory Uncertainty Remains

The SEC has been flooded with crypto ETF proposals this year, including those featuring staking mechanisms and in-kind redemptions. However, the regulatory outlook remains uncertain as authorities continue evaluating potential risks.

If approved, Hashdex’s revised ETF could give U.S. investors a regulated way to gain exposure to multiple cryptocurrencies in a single fund, reducing the reliance on single-asset ETFs and broadening investment opportunities in the digital asset space.

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