The U.S Securities and Exchange Commission (SEC) has given a greenlight to yet another regulated digital asset products. On Wednesday, the agency approved the Hashdex Crypto Index ETF, which will trade on Nasdaq under the ticker NCIQ. This fund offers exposure to Bitcoin, Ethereum, XRP, Solana, and Stellar, bringing traditional investors closer to a diversified slice of the crypto market.
Hashdex’s crypto index ETF approval came through under the SEC’s new generic listing standards for crypto exchange-traded products. These updated rules shorten the review timeline and lower barriers for issuers. A Bloomberg analyst says the framework could pave the way for dozens of new funds in the months ahead, creating momentum across the ETF space.
SEC Clears the Path for Hashdex Crypto ETF to Trade on Nasdaq
In a post on X, Nate Geraci – the co-founder of The ETF Institute, shared the approval, noting the addition of altcoins besides Ethereum on the Hashdex Crypto Index ETF. Hashdex filed its trust agreement in Delaware, securing recognition as an “emerging growth company,” which helps streamline disclosures and reporting.
Here we go…
Hashdex Nasdaq Crypto Index US ETF *approved* under SEC’s new generic listing standards.
Will now be able to own crypto assets beyond btc & eth.
Looks like xrp, sol, & xlm. pic.twitter.com/OyZO9MLnMx
— Nate Geraci (@NateGeraci) September 25, 2025
By meeting SEC’s new criteria, Hashdex’s Nasdaq ETF will be one of the first ETFs built on the updated rules. That status gives the product both regulatory backing and market visibility, especially with listing on Nasdaq
This launch also comes just days after Grayscale Digital Large Cap Fund (GDLC) won approval. Together, these products signal a shift in the SEC’s approach toward crypto-linked ETFs. The regulator now appears more open to broad market offerings, rather than focusing solely on Bitcoin spot ETF funds
Breakdown of Crypto Assets in the Index
Bitcoin serves as the heavy weight in the Hashdex Crypto ETF Index, comprising 73.51% of the index. Ethereum is in close pursuit at 14.82%, reflecting its role in decentralized finance (DeFi) and decentralized applications (dApps)
Besides the two crypto giants, the index also comprises XRP carrying 7.11% of the index. This is a substantial addition based on its legal clarity from the SEC. Furthermore, institutions that evaded XRP in the past now want to get exposure without taking direct custody risks.
Hashdex Crypto ETF Index Asset Weights | Source: XThe other altcoin is Solana (SOL) making up 4.19% of Hashdex’s crypto ETF index And lastly, Stellar (XLM) carries 0.34%. These additions add to the coverage of the ETF, which introduces access to networks that are propelling the adoption of payments, smart contracts, and blockchain infrastructure even at minor allocations
James Seyffart Expects a Surge in Crypto ETFs
According to CryptoRus, Bloomberg ETF analyst James Seyffart believes NCIQ’s debut is only the start. He predicts that 100 or more crypto ETFs could launch over the next six to twelve months, calling the situation an “arms race” for market access.
Several Ethereum spot ETFs are already lined up for October decisions, while products tied to Solana and XRP could appear within the next three to six months. With the SEC now operating on a roughly 75-day review period, issuers have fewer hurdles and greater confidence to push filings.
WE’RE ABOUT TO GET SWAMPED WITH CRYPTO ETFS
Bloomberg’s ETF analyst – James Seyffart says 100+ new crypto ETFs could hit the market in the next 6 to 12 months.
Why now? Because SEC just rolled out a huge generic listing rules, slashing approval timelines from months to ~75… pic.twitter.com/hEoS4dUb3N
— CryptosRus (@CryptosR_Us) September 25, 2025
Asset managers are rushing to capture investor demand, while institutions prepare for a wider set of regulated options. For investors, the next year could reshape how traditional markets engage with crypto exposure
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