Hashdex, a leading asset manager, has expanded its Nasdaq Crypto Index ETF (NCIQ) following the recent approval of broader listing standards by the U.S. Securities and Exchange Commission (SEC). The SEC’s newly adopted generic listing standards have allowed Hashdex’s ETF to add a wider range of digital assets, most notably including XRP, Solana (SOL), and Stellar (XLM). This signals a significant shift in the U.S. crypto investment landscape, offering investors greater exposure to altcoins beyond just Bitcoin and Ethereum.

With this expansion, XRP becomes the third-largest holding in the Hashdex fund, constituting over 7% of the portfolio. Solana and Stellar have also secured notable allocations, reflecting increasing demand for diverse cryptocurrency investments from the institutional market. This move comes as the SEC has streamlined its ETF approval processes, reducing waiting times for new fund listings and paving the way for a broader range of crypto ETFs in the near future.

The inclusion of XRP, Solana, and Stellar is seen as a major milestone, enabling traditional investors easier access to assets previously available mainly on crypto exchanges. Market reaction has been positive, with new ETF products drawing substantial trading volumes on their debut. While this regulatory progress marks a turning point for crypto ETFs in the United States, the sector continues to watch developments in other areas like stablecoin regulation and cryptocurrency taxation.

The expansion of the Hashdex Crypto Index ETF demonstrates growing institutional confidence in the broader crypto market, and highlights the evolving regulatory landscape that is fostering greater accessibility and innovation for crypto investors.