Hashdex Adds Cardano to Nasdaq Crypto Index ETF
- Cardano added to Hashdex’s Crypto Index ETF after SEC approval.
- Expansion includes Bitcoin, Ethereum, XRP, and Solana.
- ADA’s inclusion may boost institutional adoption.
Hashdex includes Cardano (ADA) in its Nasdaq Crypto Index U.S. ETF following SEC listing eligibility, joining Bitcoin, Ethereum, and other major cryptos.
ADA’s inclusion in the ETF may enhance institutional interest, signaling potential future altcoin ETF approvals amid evolving regulatory landscapes.
Hashdex officially added Cardano to its Nasdaq Crypto Index U.S. ETF. This decision follows the SEC’s update to listing standards, allowing ADA’s inclusion alongside Bitcoin, Ethereum, and others.
Incorporating Cardano, Hashdex’s ETF now holds six cryptocurrencies. The changes were formalized through a Form 8-K filing with the SEC, reflecting the addition of ADA to the fund’s allocation.
The inclusion of Cardano could increase ADA’s visibility and demand among institutional investors. This change follows ADA’s increased regulatory eligibility, enhancing its market profile.
The ETF’s modification signifies a significant development in the crypto industry, potentially facilitating expanded institutional participation in altcoin investment strategies as ADA now meets SEC criteria.
Hashdex’s ETF now provides diverse crypto exposure to institutional investors. The fund’s allocation features 72.5% Bitcoin, 14.8% Ethereum, with Cardano newly added at 1.2%.
Future adaptations of ETF methodologies could further affect crypto allocations. Historically, Bitcoin and Ethereum dominated, but new SEC guidelines allow more altcoins like Cardano. This increases investment opportunities and compliance.
“The asset manager filed a Form 8-K with the SEC, notifying the agency of the inclusion of ADA in the Trust’s holdings, effective as of today.”
