Hashdex’s Nasdaq Crypto Index US ETF Amendment
On November 25, 2024, Hashdex, a leading crypto asset management firm, filed a second amended S-1 form with the U.S. SEC for its proposed Nasdaq Crypto Index US ETF. This follows an October modification after the SEC requested additional review time.
The ETF plans to initially track Bitcoin (BTC) and Ethereum (ETH), the primary assets in the Nasdaq Crypto US Index, with potential expansions to other cryptocurrencies. Hashdex joins industry heavyweights like Franklin Templeton and Grayscale in the race to offer diversified crypto ETF options.
👉 Explore the latest crypto ETF trends
Spot Bitcoin and Ethereum ETF Milestones
The crypto ETF market is breaking records:
- Bitcoin ETFs: Achieved a historic **$3.38B weekly inflow** (November 18–22), a 102% surge from the previous week’s $1.67B.
- Ethereum ETFs: Rebounded on November 22 with a $2.83M daily inflow** after six days of outflows. Total net assets crossed **$10.28B for the first time.
Data Source: SoSo Value
WisdomTree’s XRP ETF Filing
The ETF expansion isn’t limited to BTC and ETH. WisdomTree, managing over $100B in assets, registered for an XRP-focused ETF in Delaware, potentially filing an S-1 soon. This follows similar moves by Bitwise, 21Shares, and Canary Capital.
Regulatory Shifts: Gensler’s Exit and Crypto’s Future
SEC Chair Gary Gensler—known for strict crypto policies—will resign on January 20, 2025, coinciding with Donald Trump’s second term. Trump’s pro-crypto stance could accelerate ETF approvals and position the U.S. as a blockchain hub.
👉 Stay updated on regulatory changes
FAQs
1. What assets will Hashdex’s ETF include initially?
The ETF will track Bitcoin (BTC) and Ethereum (ETH), with potential additions later.
2. How significant are Bitcoin ETF inflows?
Spot BTC ETFs saw a record $3.38B weekly inflow in late November 2024, doubling the previous week’s total.
3. Could XRP ETFs gain approval?
With WisdomTree’s filing, XRP joins the ETF race, though SEC approval remains uncertain amid shifting regulations.
4. How might Gary Gensler’s resignation impact crypto ETFs?
Gensler’s departure and Trump’s pro-crypto agenda could streamline approvals, fostering a more favorable environment.
Conclusion
The crypto ETF landscape is evolving rapidly, driven by institutional demand and regulatory shifts. As Hashdex and competitors push forward, 2025 could mark a turning point for mainstream crypto adoption.