Asset manager Hashdex has amended its S-1 regulatory filing to expand its crypto index exchange-traded fund (ETF)

The revised filing seeks to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI)

Asset manager Hashdex has modified its S-1 to expand its crypto index ETF, aiming to add seven altcoins to its offering, according to a March 14 filing with the Securities and Exchange Commission (SEC).

Hashdex seeks to integrate Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) into the Hashdex Nasdaq Crypto Index US ETF. The fund currently tracks the Nasdaq Crypto US Index, which focuses on the top two cryptocurrencies—Bitcoin (BTC) and Ethereum (ETH)

The ETF, launched in February 2024, will follow the broader Nasdaq Crypto Index (NCI), which includes a broader range of digital assets beyond BTC and ETH.

Hashdex’s S-1 previously mentioned the possibility of expanding the ETF’s asset mix. This filing marks the first time specific altcoins have been named for inclusion in the fund.

The filing describes the selected assets as decentralized networks that rely on public key cryptography for security, with values primarily influenced by market supply and demand conditions.

Hashdex’s ETF, launched in February 2024, is one of three crypto index ETFs already trading in the US. The other two, launched by iTrust Capital and Factor Funds, respectively, offer exposure to a basket of seven and ten digital assets.

These ETFs saw modest inflows initially, but they represent the first US funds designed to provide diversified crypto exposure. Industry analysts have pointed to crypto index ETFs as the next step in expanding investment access following the approval of spot Bitcoin ETFs in January 2024.

Other asset managers, including Grayscale, are also making moves to broaden ETF offerings. Grayscale has applied to convert its Digital Large Cap Fund, which holds BTC, ETH, SOL, and XRP, into an ETF, a move that would introduce another multi-asset fund to the market.

The SEC has acknowledged more than a dozen ETF filings related to cryptocurrencies this year, including proposals for staking features, in-kind redemptions, and expanded altcoin-based funds.

However, the timeline for approvals remains uncertain as regulators continue evaluating potential risks associated with broader crypto market exposure.

Hashdex’s proposed expansion reflects the growing demand for more comprehensive crypto investment products, but final approval will depend on regulatory assessments.

If cleared, the fund could offer US investors an alternative to single-asset crypto ETFs, diversifying exposure within a regulated framework. Mentioned in this article