Hashdex NCIQ ETF Expands to Include XRP, Solana, and Stellar
Hashdex Asset Management Ltd. and Nasdaq Global Indexes have expanded the Hashdex Nasdaq Crypto Index US ETF (NCIQ), a multi-asset spot crypto exchange-traded product (ETP) in the United States. This expansion now includes exposure to XRP, Solana, and Stellar, in addition to the existing spot Bitcoin and Ether.
Increased Crypto Asset Exposure
The NCIQ ETF, initially launched in February 2025, will now hold five crypto assets. Hashdex reports that these tokens collectively represent over $3 trillion in combined market capitalization, offering significant diversification to investors.
- The ETF now includes Bitcoin, Ether, XRP, Solana, and Stellar.
- This change reflects a growing demand for diversified crypto investments.
Streamlined Access to Digital Assets
According to Hashdex, this move provides U.S. investors with an accessible and streamlined method of investing in a diversified basket of digital assets through a single, tradable product. The ETF tracks the Nasdaq Crypto US Index (NCIUS), offering rules-based exposure and simplifying the process of selecting individual cryptocurrencies.
Hashdex's Global Leadership in Crypto Index Products
Hashdex manages multi-asset crypto ETPs in Europe and multi-asset crypto ETFs in Latin America. The company currently has $1.56 billion in assets under management and offers four index products tied to the global Nasdaq Crypto Index.
"Since 2018, Hashdex has been a market leader in crypto index products globally, and this signifies a major milestone in meeting the needs of U.S. advisors and investors," said Marcelo Sampaio, co-founder and CEO of Hashdex.
A Milestone for U.S. Crypto Index Investing
Samir Kerbage, CIO at Hashdex, explained that the expansion reflects the increasing demand from U.S. investors for structured, index-based crypto exposure. The NCIQ ETF offers investors dynamic, rules-based exposure that evolves with the market, removing the need to select individual cryptocurrencies.
Kerbage added that regulatory clarity and the approval of generic listing standards have facilitated the expansion and adaptation of NCIQ as new assets meet the index requirements.
The NCIUS Index and Eligibility Criteria
The NCIUS index, developed jointly by Nasdaq and Hashdex, includes strict eligibility criteria such as liquidity, market capitalization, and regulatory compliance. While ADA (Cardano) qualifies for the index, it is currently not included in NCIQ’s holdings.
The Hashdex–Nasdaq Partnership
This expansion highlights the ongoing collaboration between Hashdex and Nasdaq, which have co-developed several indices and index-based crypto products since 2021. Nasdaq serves as the index administrator and listing venue for NCIQ. Coinbase Custody and BitGo Trust provide crypto asset custody, while U.S. Bank Global Fund Services acts as fund administrator, and Paralel Distributors LLC serves as marketing agent.
As the crypto market matures, diversified index products like NCIQ are emerging as key benchmarks for institutional and retail allocation. The addition of XRP, Solana, and Stellar is poised to generate increased investor attention for Hashdex’s NCIQ ETF.
