SEC, Ripple, and Cardano: Hashdex Seeks Approval to Include New Cryptos in ETF
by aria-crypto.com
March 18, 2025 at 13:28
SEC, Ripple, and Cardano: Hashdex Seeks Approval to Include New Cryptos in ETF
Brazil-based Hashdex has filed an amendment to its S-1 with the SEC to include additional cryptocurrencies, such as Ripple's XRP, Solana, and Cardano, in its crypto index ETF. Hashdex's ETF, initially anchored by Bitcoin and Ethereum, is poised to diversify with altcoins like XRP, Solana, and Cardano if the SEC grants approval. The move comes amid a revival of interest in crypto ETFs, stimulated by regulatory optimism under the Trump administration. The inclusion of these altcoins is based on their decentralized frameworks and market-driven valuations. SEC approval could make Hashdex's ETF a more attractive investment vehicle by broadening its exposure beyond just Bitcoin and Ethereum. Each altcoin's inclusion depends on its adherence to specific eligibility criteria set by Hashdex. Hashdex previously gained SEC approval for its ETF in December and has an expanded version trading in Bermuda. An SEC nod could also reflect evolving regulatory perspectives under the current U.S. administration, favoring broader crypto integrations into established financial products. This proposal is a strategic move as Hashdex aims to provide a regulated, diverse investment option in the rapidly growing crypto market.
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