Crypto indexes offer ‘biggest opportunity’ as SEC decision looms: Hashdex CIO
The post Crypto indexes offer ‘biggest opportunity’ as SEC decision looms: Hashdex CIO appeared on BitcoinEthereumNews.com. One of the SEC’s next crypto ETF rulings could prove a milestone for investors seeking to diversify their exposure within the segment. Hashdex CIO Samir Kerbage pointed to the expected SEC decision in July that could allow crypto index products to expand the assets they hold. The Hashdex Nasdaq Crypto Index US ETF (NCIQ), which launched in February, holds both BTC and ETH. Kerbage noted the holdings in that ETFs are “designed to evolve as the market evolves” — referring in part to regulatory developments. The Brazil-based firm in March sought approval for NCIQ to invest in other assets that the international version of that index invests in, such as solana (SOL). Other assets include XRP, cardano (ADA), chainlink (LINK), avalanche (AVA), litecoin (LTC) and uniswap (UNI). Kerbage told me previously Hashdex ultimately wants to create “the Nasdaq 100 for crypto.” Grayscale filed last November to uplist its Digital Large Cap Fund — holding BTC, ETH, SOL, XRP and AVA at the time — to an ETF. The SEC’s final deadline to rule on that proposal is July 2. Clarity on that specific offering could extend to products by Hashdex, Bitwise and others. Scott Johnsson, a general partner at Van Buren Capital, is indeed watching that date. He said in an April X post that because the index products have more undefined allocations, the SEC could adopt a general rule (rather than “case-by-case” rules for the proposed single-asset crypto ETPs). “How they address the security question for each of the non-BTC/ETH allocations will draw the most attention,” Johnsson added. Kerbage told Blockworks he expects to see the SEC allow US products to hold assets beyond BTC and ETH before approving more single-asset crypto ETFs. “But this is the big question,” he noted. “If they’re not comfortable with having one specific…
The post Crypto indexes offer ‘biggest opportunity’ as SEC decision looms: Hashdex CIO appeared on BitcoinEthereumNews.com.
One of the SEC’s next crypto ETF rulings could prove a milestone for investors seeking to diversify their exposure within the segment. Hashdex CIO Samir Kerbage pointed to the expected SEC decision in July that could allow crypto index products to expand the assets they hold. The Hashdex Nasdaq Crypto Index US ETF (NCIQ), which launched in February, holds both BTC and ETH. Kerbage noted the holdings in that ETFs are “designed to evolve as the market evolves” — referring in part to regulatory developments. The Brazil-based firm in March sought approval for NCIQ to invest in other assets that the international version of that index invests in, such as solana (SOL). Other assets include XRP, cardano (ADA), chainlink (LINK), avalanche (AVA), litecoin (LTC) and uniswap (UNI). Kerbage told me previously Hashdex ultimately wants to create “the Nasdaq 100 for crypto.” Grayscale filed last November to uplist its Digital Large Cap Fund — holding BTC, ETH, SOL, XRP and AVA at the time — to an ETF. The SEC’s final deadline to rule on that proposal is July 2. Clarity on that specific offering could extend to products by Hashdex, Bitwise and others. Scott Johnsson, a general partner at Van Buren Capital, is indeed watching that date. He said in an April X post that because the index products have more undefined allocations, the SEC could adopt a general rule (rather than “case-by-case” rules for the proposed single-asset crypto ETPs). “How they address the security question for each of the non-BTC/ETH allocations will draw the most attention,” Johnsson added. Kerbage told Blockworks he expects to see the SEC allow US products to hold assets beyond BTC and ETH before approving more single-asset crypto ETFs. “But this is the big question,” he noted. “If they’re not comfortable with having one specific…
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