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Hashdex and Nasdaq have launched the Hashdex Nasdaq Crypto Index US ETF (NCIQ), offering U.S. buyers with regulated entry to Bitcoin and Ethereum by a single ETF.
Hashdex and Nasdaq World Indexes have launched the Hashdex Nasdaq Crypto Index US ETF (NCIQ), permitting U.S. buyers to achieve publicity to each Bitcoin (BTC) and Ethereum (ETH) by a single exchange-traded fund (ETF).
First U.S. Multi-Asset (Hashdex and Nasdaq) Crypto ETF
The ETF, buying and selling underneath the ticker NCIQ on Nasdaq, tracks the Nasdaq Crypto US Index (NCIUS). This index presently consists of solely Bitcoin and Ethereum, chosen based mostly on liquidity, market capitalization, and regulatory compliance. The ETF’s administration charge is about at 0.25% by 2025, rising to 0.50% afterward.
Institutional-Grade Crypto Funding
NCIQ is the primary U.S.-listed multi-asset crypto ETF, offering buyers with publicity to identify holdings of Bitcoin and Ethereum. Hashdex, which already manages among the largest crypto ETFs in Europe and Latin America, goals to simplify crypto investing for U.S. buyers.
“Now, with the launch of NCIQ, we’re proud to ship a well-known and readily tradable U.S.-based product that gives seamless publicity to Bitcoin and Ether,” mentioned Marcelo Sampaio, CEO of Hashdex.
Safety and Oversight
The ETF’s property are held by Coinbase Custody and BitGo Belief, whereas U.S. Financial institution World Fund Providers manages administration. Nasdaq handles index calculation and itemizing. The fund’s launch comes amid rising U.S. demand for regulated crypto funding merchandise, with whole property within the sector now surpassing $120 billion.
Nasdaq World Indexes and Hashdex share a mission of advancing crypto asset indexes and monetary automobiles to satisfy the ever-growing demand from buyers searching for entry to the quickly evolving crypto sector, mentioned Cameron Lilja, Vice President of Nasdaq World Indexes.
Increasing Crypto Market Entry
Hashdex’s world crypto merchandise now exceed $1.3 billion in property underneath administration, reinforcing its place as a pacesetter in regulated crypto funding options.
Traders searching for diversified Bitcoin and Ethereum publicity can now commerce NCIQ straight on Nasdaq.
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