Hashdex ETF Files for Multi-Asset Inclusion: 7 Altcoins Named

Bitcoin, the leading cryptocurrency, hit a wall at $84,000 early Tuesday, failing to push higher and leaving traders frustrated. Meanwhile, major altcoins like Ethereum (ETH), Solana (SOL), Ripple (XRP), and Litecoin (LTC) took a hit, slipping into the red. With the Market Fear & Greed Index stuck at 25 (Fear), uncertainty is running high.

Investors are keeping a close eye on ETFs, hoping they could inject fresh momentum. Things could be getting interesting very soon. Here’s what you should know.

ETF Optimism Grows Despite Market Dip

Despite the downturn, investors remain hopeful about ETFs, expecting fresh investments that could help the market recover. In a key development, asset manager Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to expand its cryptocurrency index ETF.

The updated proposal aims to include seven more altcoins—Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) – alongside Bitcoin (BTC) and Ethereum (ETH). This is the largest expansion proposal so far and brings renewed optimism to the struggling altcoin market.

Hashdex Expands Its Crypto ETF

Launched in February 2024, the Hashdex Nasdaq Crypto Index US ETF currently tracks only Bitcoin and Ethereum. This latest filing suggests a move toward a more diversified investment approach, aligning with the Nasdaq Crypto Index (NCI), which includes multiple digital assets instead of just the two biggest cryptocurrencies.

This update is significant because, until now, previous ETF filings hinted at expansion but never specified which altcoins would be included. However, Hashdex has not yet provided a timeline for these changes, as they still require SEC approval.

Trump’s Crypto-Friendly Policies May Speed Up Approvals

Regulatory changes could work in Hashdex’s favor. President Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President recently directed federal agencies to take a more relaxed approach to digital assets, potentially making it easier for crypto ETFs to gain approval.

Industry experts believe multi-asset ETFs could be a big step toward making crypto more accessible to mainstream investors. Nate Geraci, president of ETF Store, sees this as a major development, as it could allow firms to introduce multiple share classes within a single ETF—making investment options more efficient and flexible.

More Crypto ETFs in the Works

Hashdex isn’t the only company expanding its crypto ETF offerings. Grayscale has proposed converting its Digital Large Cap Fund—comprising BTC, ETH, SOL, and XRP—into an ETF. If approved, this would bring another diversified crypto investment option to the market.

The SEC is currently reviewing several crypto ETF proposals, including those featuring staking mechanisms and in-kind redemptions. However, the regulatory outlook remains uncertain as officials continue evaluating potential risks.

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A New Era for Crypto Investing?

If approved, Hashdex’s expanded ETF would give U.S. investors a regulated way to invest in multiple cryptocurrencies through a single fund. This could reduce reliance on single-asset ETFs and create new opportunities in the digital asset market—potentially marking a new phase in crypto investing.

One thing is certain – crypto’s path to mainstream adoption is becoming clearer by the day.

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