Hashdex Launches First U.S. Crypto ETF Offering Exposure to Bitcoin and Ether

Hashdex Asset Management Ltd., a prominent global crypto-focused asset manager, has introduced the Hashdex Nasdaq Crypto Index US ETF (NCIQ) on the Nasdaq Stock Market. This marks the first multi-asset spot crypto exchange-traded product available to U.S. investors, providing direct exposure to both Bitcoin (BTC) and Ether (ETH) through a single, tradable instrument.

The NCIQ ETF tracks the Nasdaq Crypto US™ Index (NCIUS), co-developed by Nasdaq Global Indexes and Hashdex. The index is designed to measure the performance of a significant portion of the overall crypto asset market, focusing on criteria such as liquidity, market capitalization, and regulatory compliance. Currently, only Bitcoin and Ether meet the eligibility requirements for inclusion in the NCIUS.

Marcelo Sampaio, Co-Founder and CEO of Hashdex, emphasized the firm’s commitment to providing diversified crypto investment opportunities. He noted that until now, U.S. investors had to either purchase cryptocurrencies directly or invest in single-asset vehicles. The launch of NCIQ offers a familiar and readily tradable product that simplifies exposure to both Bitcoin and Ether.

The ETF’s management fee is set at 0.25% per annum of the daily net asset value through the end of 2025, increasing to 0.50% thereafter. Hashdex serves as the sponsor for NCIQ, with Coinbase Custody and BitGo Trust acting as crypto asset custodians. Nasdaq functions as the index administrator and listing venue, while U.S. Bank Global Fund Services is the fund administrator.

This launch signifies a significant milestone in the U.S. crypto market and continues the partnership between Hashdex and Nasdaq Global Indexes, who have been pioneers in developing crypto index and index-based products since 2021.