SEC approves Hashdex Nasdaq ETF to hold BTC, ETH, XRP, SOL, and XLM

The SEC has officially approved the Hashdex Nasdaq Crypto Index US ETF to operate under new generic listing standards, giving it the greenlight to add XRP, SOL, and XLM to its existing portfolio of BTC and ￰0￱ ETF, listed as NASDAQ:NCIQ, made the change last Thursday after updating its trust structure to meet the new ￰1￱ revised setup, filed under Form 8-K on Wednesday, includes a “Third Amended and Restated Trust Agreement” signed by Hashdex Asset Management ￰2￱ CSC Delaware Trust Company, replacing the previous second ￰3￱ ETF, built in Delaware, is tagged as an “emerging growth company.” The filing didn’t show any changes to its fiscal year or include any new financial ￰4￱ updated trust agreement was attached as an exhibit to the filing , confirming compliance with Nasdaq’s current listing ￰5￱ issuers prepare for October launch Following the SEC’s vote to adopt the updated listing standards last week, several asset managers have kicked into ￰6￱ new rules let qualified crypto ETFs skip the case-by-case review process, something that used to drag on for ￰7￱ the old rules, approval could take as long as 270 days.

Now, with the new setup, products can be cleared in as little as 75 days. “We’ve got about a dozen filings with the SEC now, and more coming,” said Steven McClurg, founder of Canary Capital ￰8￱ confirmed that asset managers are already lining up, ready to take advantage of the rule change. “We’re all getting ready for a wave of launches,” he ￰9￱ wave is expected to hit hard in Q4 2025, according to Jonathan Groth at DGIM Law, who called this period a likely “boom time” for crypto ￰10￱ rush began in July, when the SEC first proposed the ￰11￱ then, firms have scrambled to rewrite filings, address SEC feedback, and meet the updated ￰12￱ familiar with the process say the final updates could be submitted by the end of the week.

“These are the rules we had been anticipating,” said Teddy Fusaro, president of ￰13￱ says most filings are nearing the end of the review phase and could hit the market ￰14￱ expect ETFs tracking SOL and XRP to debut in early ￰15￱ SEC rules speed up crypto ETF approvals To qualify for the new approval process, ETFs must meet at least one of three main requirements. One, the coin involved must trade on a regulated exchange, or have CFTC-regulated futures contracts that’ve been active for at least six months. Two, another ETF must already hold that coin with 40% of its assets directly invested in it, not via swaps or ￰16￱ any of those conditions are met, the ETF skips the red ￰17￱ not every firm is ready to roll.

“Not all of our existing filings qualify,” said Kyle DaCruz, head of digital assets at VanEck. “The next step is to talk to our lawyers to see which products can move forward and how rapidly will they get onto the market.” That said, Grayscale Investments didn’t wait ￰18￱ than 48 hours after the SEC’s announcement, it converted its private fund into a public product: the Grayscale CoinDesk Crypto 5 ETF (GDLC. P). This new ETF holds BTC, ETH, XRP, SOL, and ￰19￱ to Peter Mintzberg, CEO of Grayscale, their quick launch reflects their push for “public market access, regulatory clarity and product innovation.” The bigger question now is whether investors will actually care about ETFs tied to lesser-known coins.

“There will be a flood of tokens that many folks have never heard of,” DaCruz ￰20￱ BTC, which took years to build trust, some of these coins may get only weeks or months of investor education before hitting the ￰21￱ Difference Wire helps crypto brands break through and dominate headlines fast