Key Takeaways

Why is this approval significant?

It marks one of the first ETFs cleared under Nasdaq’s updated listing standards.

What changes did Hashdex make to qualify?

On the 18th of September, Hashdex updated its trust structure, which was later formalized on the 24th of September. This ensured compliance with Nasdaq’s revised requirements.

After months of anticipation, the U.S. Securities and Exchange Commission (SEC) has begun clearing a new wave of crypto ETFs.

In its latest move, the agency approved the Hashdex Nasdaq Crypto Index US ETF, allowing it to expand beyond Bitcoin [BTC] and Ethereum [ETH] by adding Ripple [XRP], Solana [SOL], and Stellar [XLM] to its portfolio.

The approval follows Hashdex’s update on the 18th of September to its trust structure, later formalized through a revised agreement filed on the 24th of September.

Details of the Hashdex Nasdaq Crypto Index US ETF

The Hashdex Nasdaq Crypto Index US ETF, organized in Delaware and classified as an “emerging growth company,” filed its latest update without changing its fiscal year or releasing new financial statements.

Instead, it attached an amended trust agreement as an exhibit, confirming that the product now meets Nasdaq’s updated listing standards.

This move follows last week’s SEC vote to adopt new rules that streamline the approval process for digital asset ETFs.

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Author: Ishika Kumari