The SEC approved Hashdex's index ETF in December 2024, allowing US investors to gain diversified exposure to multiple cryptocurrencies.

Recently, Hashdex amended its S-1 regulatory filing to propose adding seven altcoins to its Nasdaq Crypto Index US ETF, which currently only includes Bitcoin and Ethereum.

The proposed altcoins are Solana, XRP, Cardano, Chainlink, Avalanche, Litecoin, and Uniswap, reflecting a significant shift towards a broader range of digital assets.

This amendment is notable as it is the first to name specific altcoins for inclusion, indicating a growing interest in diversified crypto investments.

Other asset managers, like Grayscale, are also expanding their ETF offerings, highlighting a trend towards multi-asset funds in the market.

The filing reflects a broader trend of asset managers pursuing crypto product launches amid a regulatory environment perceived as more permissive under President Trump's administration.

Despite the increase in ETF filings this year, including those for altcoin-based funds, the timeline for approvals remains uncertain due to ongoing regulatory evaluations.

The SEC must approve these proposed changes before they can take effect, which adds another layer of complexity to the process.

As of March 18, 2025, the fund's total net assets stand at $70.4 million, with approximately 88% allocated to Bitcoin and 12% to Ethereum.

Industry analysts emphasize the efficiency of index ETFs for investors, similar to traditional market indices like the S&P 500.

Crypto index ETFs are viewed as a significant development in the cryptocurrency investment landscape, following the earlier approval of spot Bitcoin ETFs.

An alternative version of the Hashdex Nasdaq Crypto Index ETF is already available on the Bermuda Stock Exchange, featuring a wider range of cryptocurrencies.