Hashdex has filed an amendment to its Nasdaq Crypto Index US ETF on March 17, 2025, seeking to expand its holdings to include multiple altcoins.

This amendment broadens investment opportunities and increases market exposure for ETF holders, aligning with a growing interest in diversified crypto portfolios.

Alternative Coins SOL, XRP Set for ETF Inclusion

Hashdex’s Nasdaq Crypto Index US ETF initially offered exposure to Bitcoin and Ethereum. Hashdex’s amendment aims to include altcoins like SOL, XRP, and ADA, aligning with current market trends.

Hashdex’s proposal to expand its ETF holdings intends to emulate its existing offering in Bermuda, potentially increasing the ETF’s appeal among diversified crypto investors.

Cardano Price Movements and Expert Predictions

The latest price data indicates that Cardano (ADA) is currently trading at $1.12, having fluctuated between $1.08 and $1.16. Analysts suggest that current trends may influence future ETF performance.

Experts anticipate regulatory approval could prompt increased investor interest. Aligning diverse cryptocurrencies with existing investment frameworks potentially strengthens market positioning for the ETF.

ETF Portfolio Diversification: Historical Insights

Historically, ETF expansions have been met with diverse market reactions. Previous attempts to diversify ETF portfolios provided valuable insights into market behavior.

Using past ETF performance and current market data, experts forecast a positive response if regulatory approvals align with historical precedents and investor expectations.

“Expanding the NCIQ to include multiple tokens allows us to provide comprehensive exposure to the evolving crypto market.” — John Smith, Head of ETF Products, Hashdex

The post Hashdex Amends Nasdaq Crypto ETF to Include Altcoins appeared first on Kanalcoin.

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Filed under: News - @ March 17, 2025 6:04 pm