Hashdex Crypto ETF SEC Approval: Multi-Coin U.S. ETF Cleared

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1 day ago

SEC’s New Rules Boost Hashdex Crypto ETF SEC Approval Launch

The Security Exchange Commission has given a clear green light, the Hashdex Nasdaq Crypto Index US ETF won approval to operate under its new generic listing standards. That means the fund which tracked mostly Bitcoin and Ethereum until now can expand and hold other major digital currencies such as XRP, Solana (SOL), Stellar (XLM), Cardano (ADA) and UNI where filings allow. This is a notable step for multi-coin ETFs in the U.S. and could change how investors access altcoins through mainstream markets.

Hashdex Crypto ETF SEC Approval Expands Beyond BTC & ETH

Nate Geraci, announced via social media.  The SEC’s recent approval of generic listing standards streamlines how commodity-based ETPs and ETFs can list on major exchanges. Instead of each product going through long, bespoke SEC reviews, funds that meet the novel standards can list faster and with fewer hurdles.

Source : Nate Geraci

Source : X

SEC Generic Listing Standards Simplify ETF Launches

For the firm, using these standards means the Nasdaq Crypto Index US Exchange Traded Fund can move from a BTC-/ETH-only stance toward a true multi-asset digital index fund. That can bring broader cryptocurrency exposure to ordinary investors using a familiar wrapper.

New Tokens Added to the Basket: XRP, SOL, ADA, XLM, UNI

The company recently filed updates and amendments that request permission to align the ETF with the new rules and to include additional tokens in the Nasdaq Crypto Index the fund follows.

Public filings and press reporting show Hashdex is seeking to add Solana, Cardano, XRP and other large-cap tokens to the US ETF’s allowed holdings, moving beyond a two-coin model. The Index is designed to be market-cap weighted and has strict eligibility criteria, so only tokens that meet liquidity and custody rules will be included.

Market context and recent moves

This development follows a string of recent Security Exchange Commission decisions and filings: the regulator’s new approach aims to open broader access to digital products while keeping investor protections.

Other issuers have already adjusted filings or launched multi-coin ETFs under the same framework, and markets reacted quickly to cryptocurrency prices and related stocks saw moves as traders priced in easier paths for product rollouts. Expect more filings and faster timelines in coming weeks.

Spot Bitcoin ETFs hold the most institutional money and drive large flows. Ethereum ETFs are smaller but growing. New SEC generic listing rules and approvals like Hashdex’s make multi-coin ETFs easier to launch.

Final T ho ughts

Hashdex Crypto ETF SEC Approval marks a practical step toward wider cryptomarket in the U.S. By using the new generic listing standards, Hashdex can expand its Exchange Traded Fund beyond BTC and ETH and potentially include XRP, SOL, XLM, ADA and UNI.

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