Hashdex expands Crypto Index US ETF under SEC generic listing standards

Hashdex has expanded its Crypto Index US exchange-traded fund (ETF) to incorporate additional cryptocurrencies such as XRP, Solana (SOL), and Stellar, in response to a recent change in the Securities and Exchange Commission's (SEC) generic listing rules. This ETF is now one of the few multi-asset cryptocurrency investment vehicles authorized for trading in the United States, and it holds five cryptocurrencies 1:1, which include Bitcoin and Ether, trading under the ticker symbol NCIQ. To meet the SEC's new criteria, cryptocurrencies must be categorized as commodities or have futures contracts available on recognized exchanges and must be monitored for financial activity under the US Intermarket Surveillance Group. The SEC's rule adjustments aim to accelerate the approval of new crypto ETFs, allowing traditional stock market investors easier access to cryptocurrency, thereby merging conventional financial instruments with digital assets. This initiative is part of a broader effort led by SEC Chair Paul Atkins to modernize regulatory frameworks for digital finance, facilitating innovation and reducing the regulatory burdens on crypto firms.

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