Key Takeaways:
- Hashdex filed an amendment to include LTC, XRP, ADA, LINK, AVAX, UNI, and SOL to its Nasdaq Crypto Index ETF.
- Various analysts and investors believe that the approval will ignite an altcoin bull run soon, increasing the mainstream participation in crypto.
- Beyond Hashdex, around 15 ETF filings are pending approvals from the SEC, including VanEck, Canary Capital, and Bitwise.
Hashdex, the Brazil-based crypto asset management firm, has proposed an amendment to expand and diversify its U.S.-based Nasdaq Crypto Index ETF by adding LTC, XRP, ADA, LINK, AVAX, UNI, and SOL. Launched in February 2025, the ETF currently holds 88.3% Bitcoin and 11.7% Ethereum.
The filing has become an addition to around 15 altcoin-based ETFs awaiting approval from the U.S. Securities and Exchange Commission (SEC). While most web3 enthusiasts expect a green signal from the SEC, various investors expect the approval to align with the anticipated altcoin bull run.
The probability of ETF approvals igniting altseason is so high, and it is also expected to increase the participation of common people in crypto. An alternative Hashdex Nasdaq Crypto Index ETF traded on the Bermuda Stock Exchange already has altcoins such as XRP, SOL, ADA, LINK, LTC, AVAX, and UNI.
Price Predictions Experts Expect The ETF Approvals To Ignite Altcoin Bull Run
SEC has not yet approved any ETFs other than Bitcoin and Ethereum. The first Bitcoin spot ETF was approved in January 2024, marking a significant milestone of a decade-long journey. In the previous term, the SEC was very critical of crypto ETFs, turning away 20 proposals from 2018 to 2023. However, Donald Trump’s victory and the radical changes in the regulatory framework have given serious hopes regarding the approvals.
If the new government, with the slogan Make America Great Again, approves the altcoin proposals, it will likely start the bull run. According to Eric Balchunas, the number of filings will triple the size, and we will see the approval and a wild run of those tokens. Nate Geraci opines that we can see aggression in the charts following the approvals because multiple issuers were prepared for the election results and changes in the policies.
Notable Altcoin ETF Filings Other Than Hashdex
Beyond Hashdex, firms like Franklin, Grayscale, and Bitwise have filed for Basket ETFs with multiple assets in them. Bitwise has also filed for individual Solana and XRP ETFs. 21Shares and Canary also applied for XRP and SOL ETFs. VanEck is another firm that expects the approval of its VanEck Solana Trust ETF.
About Hashdex
Founded in 2018, Hashdex is a Brazil-based crypto asset management company with over $1.3 billion in global client assets. In 2020, the firm partnered with the Nasdaq to create the Nasdaq Crypto Index. In 2021, the world’s first Crypto Index ETF was introduced by the company. The Hashdex Nasdaq Crypto Index US ETF was launched in February 2025.
Also Read: SEC Acting Chair To Revise Crypto Custody Rules
About Hashdex Nasdaq Crypto Index US ETF
The Hashdex Nasdaq Crypto Index ETF is an exchange-traded fund that offers access to some of the most important digital assets in the blockchain environment. The fund is backed by real crypto assets, and 88% of the allocation is filled with Bitcoin. Strictly adhering to the governance protocols of the US, the ETF provides investors a regulated access to highly volatile assets. Here are more details:
- Trading Symbol – NCIQ
- CUSIP – 41809Y 102
- Inception Date – 02/13/2025
- Exchange Availability – Nasdaq
- Benchmark Index – NCIUSS – Nasdaq Crypto US Settlement Price™ Index
- Management Fee – 0.25%
- ISIN – US41809Y1029
- Options – Not currently available