{"id":125245,"date":"2025-03-17T20:18:53","date_gmt":"2025-03-17T20:18:53","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=125245"},"modified":"2025-03-17T20:18:53","modified_gmt":"2025-03-17T20:18:53","slug":"hashdex-amends-s-1-for-crypto-index-etf-adds-seven-altcoins","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=125245","title":{"rendered":"Hashdex amends S-1 for crypto index ETF, adds seven altcoins"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH), according to a March 14 filing.\u00a0<br \/>\nThe revision proposes adding seven specific altcoins to the index ETF \u2014 Solana (SOL), XRP (XRP), Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF holds only Bitcoin and Ether.<br \/>\nPrevious versions of Hashdex\u2019s S-1 suggested the possibility of adding other cryptocurrencies in the future but didn\u2019t specify which ones.<br \/>\nAccording to the filing, the proposed altcoins additions \u201care decentralized peer-to-peer computer systems that rely on public key cryptography for security, and their values are primarily influenced by market supply and demand.\u201d<br \/>\nThe revised filing signals how ETF issuers are accelerating planned crypto product rollouts now that US President Donald Trump has instructed federal regulators to take a more lenient stance on digital asset regulation.\u00a0<br \/>\nAs part of the transition, the ETF plans to switch its reference index from the Nasdaq Crypto US Index \u2014 which only tracks BTC and ETH \u2014 to the more comprehensive Nasdaq Crypto Index, the filing said.\u00a0<br \/>\nThe asset manager did not specify when it plans to make the change. The US Securities and Exchange Commission (SEC) must sign off on the proposed changes before they can take effect.\u00a0<br \/>\nHashdex plans to add seven altcoins to its index ETF. Source: SECRelated: US crypto index ETFs off to slow start in first days since listing<br \/>\nAccelerating approvals<br \/>\nIn December, the SEC gave the green light to both Hashdex and Franklin Templeton\u2019s respective Bitcoin and Ether index ETFs.\u00a0<br \/>\nBoth ETFs were listed in February, initially drawing relatively modest inflows, data shows. They are the first US ETFs aiming to offer investors a one-stop-shop diversified crypto index.<br \/>\nAsset manager Grayscale has also applied to convert its Grayscale Digital Large Cap Fund to an ETF.\u00a0Created in 2018, the fund holds a crypto index portfolio comprising BTC, ETH, SOL and XRP, among others.\u00a0<br \/>\nIndustry analysts say crypto index ETFs are the next big focus for issuers after ETFs holding BTC and ETH listed in January and July, respectively.<br \/>\n\u201cThe next logical step is index ETFs because indices are efficient for investors \u2014 just like how people buy the S&amp;P 500 in an ETF. This will be the same in crypto,\u201d Katalin Tischhauser, head of investment research at crypto bank Sygnum, told Cointelegraph in August.<br \/>\nIn February, the SEC acknowledged more than a dozen exchange filings related to cryptocurrency ETFs, according to records.<br \/>\nThe filings, submitted by Cboe and other exchanges, addressed proposed rule changes concerning staking, options, in-kind redemptions and new types of altcoin funds.<br \/>\nMagazine: US enforcement agencies are turning up the heat on crypto-related crime<a href=\"https:\/\/cointelegraph.com\/news\/hashdex-amends-s1-crypto-index-etf-seven-altcoins?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager Hashdex has amended its S-1 regulatory filing for its cryptocurrency index exchange-traded fund (ETF) to include seven altcoins in addition to Bitcoin (BTC) and Ether (ETH),&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125245"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125245"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/125245\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125245"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}