Hashdex Expands Its Investment Offerings by Adding Litecoin to Its Hashdex Nasdaq Crypto Index US ETF

On the 14th of March, the firm submitted an amendment proposal to the U.S. Securities and Exchange Commission (SEC) under file number 333-280990, seeking to add Litecoin [LTC] to its Hashdex Nasdaq Crypto Index US ETF.

Hashdex, a leading crypto asset management firm, is expanding its investment offerings with an interesting twist.

According to a recent filing with the U.S. Securities and Exchange Commission (SEC), Hashdex is planning to add Litecoin [LTC] to its Hashdex Nasdaq Crypto Index US ETF, seeking to broaden institutional access to the altcoin.

This move comes after the firm secured approval for the fund focused on the Charitable Contribution, Preferred, Utility, and Real Estate sectors in February 2024, marking a significant step in integrating digital assets into the traditional financial market.

A glance at the major cryptocurrencies that are supposed to be included in the revised index reveals a focus on Solana [SOL], Ripple [XRP], Cardano [ADA], Chainlink [LINK], Avalanche [AVAX], and Uniswap [UNI].

The updated index aims to diversify the fund’s holdings and appeal to a broader investor base.

Litecoin’s inclusion is a testament to its rising popularity and potential to revolutionize the financial landscape.

With over 10 years in the market, Litecoin is known as a faster, more efficient Bitcoin.

This move could help connect crypto with traditional finance, offering more regulated investment options.

If approved, it would be a major development in the U.S. ETF market, providing a framework for institutional investors to gain exposure to LTC.

This follows a period of rapid growth in the ETF industry, with several firms applying to list crypto ETFs in the U.S.

Polymarket data also suggests growing optimism for altcoin ETFs, with Solana ETF approval odds at 89%, Cardano at 69%, and Dogecoin at 70%, etc.

This optimism is reflected in the surge in ETF applications since President Donald Trump’s election last November, signaling a potential wave of new ETFs in 2025.

That being said, while the timeline for an expanded U.S. launch remains unclear, competition in the crypto ETF market is intensifying.

Following the approval of BTC and ETH spot ETFs in 2024, fund issuers have ramped up efforts to diversify their offerings, reflecting the increasing demand for regulated exposure to a broader range of digital assets.

This coincided with Canary Capital Group now seeking regulatory approval for a spot Sui ETF, which will be the firm’s sixth cryptocurrency ETF filing with the SEC.

This move highlights the growing interest in providing accessible and diversified investment products to cater to the evolving needs of institutional investors.

As more firms expand crypto access in traditional finance, the growing ETF market may drive institutional adoption and diversification.