Hashdex has expanded its Nasdaq Crypto Index US ETF (NCIQ) to include XRP, Solana, and Stellar. The fund now offers investors access to Bitcoin, Ether, XRP, Solana, and Stellar through one product. This announcement follows the Securities and Exchange Commission’s new generic listing standards.
The ETF, listed on Nasdaq under the ticker symbol NCIQ, first launched in February 2025 with only Bitcoin and Ether. With this expansion, U.S. investors can now hold five leading cryptocurrencies in one spot product. These assets together represent over $3 trillion in market value.
“To qualify for listing, a cryptocurrency must be classified as a commodity or have futures contracts on trusted exchanges,” the SEC explained in its notice. The rules also require eligible assets to be monitored under the U.S. Intermarket Surveillance Group.
“Since 2018, Hashdex has been a market leader in crypto index products globally,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex. He called the expansion “a major milestone in meeting the needs of U.S. advisors and investors.”
Samir Kerbage, CIO at Hashdex, added, “With NCIQ, investors gain access to a dynamic, rules-based exposure that evolves with the market—eliminating the need to try to pick individual winners.”
Just recently, the SEC approved the Grayscale Digital Large Cap Fund, the first multi-asset crypto ETF in the country. That fund includes Bitcoin, Ether, XRP, Solana, and Cardano. Market watchers expect many more filings under the new rules, which are designed to speed up approvals and widen access.
The NCIQ follows the Nasdaq Crypto US Index, which tracks a portion of the digital asset market. Assets are chosen based on size, liquidity, and compliance. Cardano is listed as eligible under the index but is not included in NCIQ’s holdings for now.
Hashdex manages around $1.56 billion and has launched several global crypto index products. The firm’s U.S. product is backed by Coinbase Custody and BitGo Trust, with U.S. Bank Global Fund Services as administrator. Nasdaq oversees the index and trading venue.
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