Hashdex Nasdaq Crypto Index ETF gets approval under new SEC rules
Hashdex Nasdaq Crypto Index US ETF has been cleared for listing under the SEC’s new generic listing standards on U.S. exchanges, giving issuers a faster route to market without case‑by‑case approvals.
ETF Store president Nate Geraci confirmed the approval in his official X (Twitter) account, noting that the decision opens a faster path for Hashdex’s diversified crypto fund. In addition to BTC and ETH, the fund’s basket will now include XRP, SOL and XLM.
On September 18, the SEC approved unified generic listing standards for commodity ETPs on Nasdaq, Cboe BZX and NYSE Arca. Under the new framework, exchanges no longer need to file separate 19(b) rule changes for each crypto ETF, reducing launch timelines and lowering regulatory friction for issuers and market makers.
Grayscale was among the first to secure approval under the updated regime with a multi-crypto ETF, paving the way for subsequent diversified baskets. The Hashdex fund tracks the Nasdaq Crypto Index (NCI), which as of September 25, 2025, includes Bitcoin (BTC), Ethereum (ETH), XRP (XRP), Solana (SOL), Cardano (ADA), Chainlink (LINK), Stellar (XLM) and Uniswap (UNI). Constituents may change over time under the index methodology.
Hashdex has long advocated for diversified access to digital assets via exchange‑traded funds. In its 2024 outlook, Hashdex highlighted the continued institutionalization of crypto and the role of ETFs as a primary channel for capital inflows. The fund’s management argued that durable investor demand depends on regulatory clarity and predictable rules – a need now addressed by the SEC’s new standards.
With the framework now in place, analysts expect a wave of new crypto ETF approvals and launches in the coming weeks. The fast‑track crypto ETF era kicked off by Grayscale and Hashdex signals a maturing segment where competition will center on index design, liquidity and investor‑friendly costs.
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