Hashdex has considerably expanded its cryptocurrency ETF offering through a recent S-1 filing amendment to the SEC, which proposes the addition of seven major altcoins to its previously Bitcoin and Ethereum-focused fund. The company plans to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) in its Hashdex Nasdaq Crypto Index US ETF, which launched in February 2024 as one of the initial U.S.-based crypto index ETFs.
Hashdex diversifies its ETF portfolio with seven altcoins, expanding beyond Bitcoin and Ethereum in a significant market evolution.
This strategic diversification represents a significant evolution for the fund, which originally tracked only the two largest cryptocurrencies by market capitalization. The proposed expansion involves shifting from the limited Nasdaq Crypto US Index to the more extensive Nasdaq Crypto Index, enabling a broader representation of the digital asset ecosystem. The recent directive from US President Trump for more lenient digital asset regulation may influence the SEC’s decision on this filing.
This alteration aligns Hashdex’s U.S. offering with its international products, particularly its Bermuda-based ETF that already provides exposure to a wider range of cryptocurrencies. The regulatory filing marks an essential step in this process, though SEC approval remains pending with no specified timeline for implementation.
Market analysts anticipate that this diversification could substantially improve investor interest, as it provides exposure to emerging blockchain ecosystems beyond the dominant Bitcoin and Ethereum networks. The move follows the precedent set by recent SEC approvals for Bitcoin and Ether ETFs, suggesting a gradual regulatory openness to broader cryptocurrency investment vehicles. The structure provides reduced security risks associated with direct cryptocurrency ownership while maintaining market exposure.
Initial inflows to the ETF were modest, but industry observers expect increased participation with the addition of these alternative digital assets. Hashdex’s strategy reflects an industry-wide trend toward more diversified crypto products, with competitors like Grayscale likewise expanding their offerings. The company’s amended filing submitted on March 14, 2025 indicates an increasing market demand for comprehensive cryptocurrency investment options.
The development of crypto index ETFs represents a natural progression in the maturation of cryptocurrency as an asset class, offering institutional and retail investors regulated exposure to the sector’s growth beyond its two largest constituents, while maintaining the necessary compliance frameworks that make such products accessible within traditional investment channels.
