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Following the SEC’s approvals for Bitcoin and Ethereum ETFs, the altcoin ETF race continues at full speed.
At this point, while ETF applications for many altcoins such as XRP, Litecoin (LTC) and Solana (SOL) are waiting before the SEC, a new move regarding six altcoins came from asset manager Hashdex.
Accordingly, Hashdex has requested permission from the SEC to add more cryptocurrencies to the SEC-approved Nasdaq Crypto Index US ETF (NCIQ), which currently only includes BTC and ETH.
Hasdex’s request includes the addition of six altcoins to the ETF: Solana, XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin, and Uniswap (UNI).
The ETF, which opened for trading on February 13 after SEC approval, is traded on Nasdaq under the ticker NCIQ. While this ETF can already invest in Bitcoin and Ethereum, it has the distinction of being the first dual-asset (BTC and ETH) ETF in the US.
While the total assets of the Hasdex Bitcoin, Ethereum ETF are around $70 million, 88 percent of it is BTC and 12 percent is ETH.
*This is not investment advice.
