The cryptocurrency market has received new updates for the exchange-traded funds (ETFs). On Tuesday, September 23, Grayscale Investments received a green light from the United States Securities and Exchange Commission (SEC) regarding part of its ETF filing application.
Hashdex, a highly regarded investment firm focused on crypto asset management, filed with the U.S. SEC to expand its crypto index fund to involve more digital assets.
The U.S. SEC approved NYSE Arca’s rule change filed on September 19, 2025. As such, the Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF can now transition from Rule 8.201-E, Non-Generic, to Rule 8.201-E, Generic.
The move follows the SEC’s decision on September 17 to adopt generic listing standards for commodity-based ETFs.
Hashdex filed with the U.S. SEC to allow its crypto index fund NCIQ, which currently only holds Bitcoin and Ethereum, to expand its offering to other crypto assets. According to the filing, Hashdex is seeking to hold other assets in the Nasdaq Crypto Index, which meets the agency’s generic listing standard.
The rising demand for crypto assets by institutional investors through ETFs will play a crucial role in the anticipated altseason. In the United States, more fund managers have been seeking to offer spot crypto ETFs under the Trump administration due to the favorable regulatory environment.
However, crypto traders should monitor for potential market dump for the Grayscale Ether ETFs following the conversion approval. Moreover, Grayscale’s ETF products recorded a significant amount of cash outflow, thus weighing down on Ether’s bullish sentiment.
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