The Asset Manager Hashdex amended S-1 Regulatory Filing for Cryptocurrency Index Exchange-Traded Fund (ETF) to include seven Altcoins in addition to Bitcoin (Btc) and ether (Eth), according to a filing of March 14th.
The revision suggests Adding seven specific altcoins to index etf – solana (Sol), XRP (XRP), Cardano (Ada), Chainlink (Link), Avalanche (Avax), Litecoin (LTC), and the Applep (Uni). On March 17, the Hashdex Nasdaq Crypto Index US ETF is holding on to Bitcoin and Ether.
The previous versions of Hashdex’s S-1 suggested the possibility of adding other cryptocurrencies in the future but did not specify which one.
According to the filing, the proposed additions of altcoins “are decentralized peer-to-peer computer systems that rely on public major crypiring for security, and their values are primarily influenced by supply and demand in the market.”
The revised filing signals of how ETF providers are accelerating planned crypto product rollouts today that US president Donald Trump has ordered federal regulators to produce more intense bearing in the regulation of digital assets.
As part of the move, the ETF plans to move its reference index from the NASDAQ Crypto US index – which only monitor BTC and ETH – in the more comprehensive Crypto index of NASDAQ, the filing said.
The asset manager did not specify when it plans to make the change. The US Securities and Exchange Commission (SEC) must sign off the proposed changes before they go into effect.
Hashdex plans to add seven altcoins to its index ETF. Source: Sec
Related: US Crypto Index ETFS Off to Slow Start in the early days since listed
Approval
In December, the SEC gave the green light to both the Hashdex and Franklin Templeton’s -their Bitcoins and Ether Index ETF.
Both ETFs were listed in February, at first The drawing of relatively moderate flowingData shows. They are the first US ETF that aims to offer investors a one-stop-shop variety of crypto indexes.
The Asset Manager Grayscale also applied to convert its Grayscale Digital Large cap fund to an ETF. Created in 2018, the fund holds the crypto index portfolio of the BTC, ETH, Sol and XRP, among others.
Industry analysts say the Crypto Index ETFs are the next major focus for those who give up after ETFs holding BTC and ETH listed in January and July, respectively.
“The next logical step is the Index ETF because the indices are great for investors – such as how people buy S&P 500 in an ETF. It will be the same in crypto,” Tischhauser, head of investment research at Crypto Bank Sygnum, told Cointelegraph in August.
In February, SEC recognized more than a dozen filing filings Related to Cryptocurrency ETFs, according to records.
Files, submitted by CBOE and other exchanges, addressed the proposed rules of staking rules, options, in-kind redemption and new altcoin fund types.
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