Hashdex has expanded its crypto index ETF to include XRP, Solana, and Stellar, a move made possible by the US Securities and Exchange Commission's (SEC) recent approval of new, broad listing rules for exchanges.
The Hashdex Nasdaq Crypto Index US ETF (NCIQ), which previously only included Bitcoin and Ether, is one of the first funds to take advantage of the regulatory change.
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The SEC's approval of generic rules, proposed by exchanges such as Nasdaq, streamlines the process of launching future crypto ETFs. This fundamental change reduces the time it takes for funds to begin trading and opens the door to dozens of pending applications.
The change was underscored last week by the SEC's simultaneous approval of Grayscale's multi-cryptocurrency fund, which also includes exposure to XRP and Solana.