Among the most important factors, the standards require digital assets underlying ETFs to trade on surveilled markets , have a six-month history of futures trading, or already back an exchange-traded fund with significant exposure.Instead of being forced to make case-by-case decisions about the eligibility of various cryptocurrencies, from Dogecoin to the president’s meme coin , the SEC instead outlined criteria for exchanges that made digital assets fit for commodity-based trusts.The stack of applications ...

Core Insights - The US SEC has approved the expansion of the Hashdex Nasdaq Crypto Index ETF, which includes major digital assets like Bitcoin, Ethereum, XRP, Solana, and Stellar [1][2] Group 1: ETF Details - The Hashdex Crypto Index ETF will trade on Nasdaq under the ticker NCIQ, marking it as the second crypto ETF launched within a week after Grayscale's GDLC [2] - The ETF is structured in Delaware and classified as an "emerging growth company," with compliance confirmed through an amended trust agreement [2] Group 2: Index Composition - The index will allocate approximately 72.5% to Bitcoin, 14.8% to Ethereum, 6.9% to XRP, 4.3% to Solana, and 1.2% to Cardano [3] - The inclusion of XRP and Solana is anticipated to increase institutional interest in these tokens and may facilitate the approval of spot ETFs for them [3] Group 3: Regulatory Environment - The SEC's new generic listing standards for crypto ETFs, announced in September 2025, allow for quicker approvals, reducing the review process from up to 270 days to as little as 75 days [4] - Asset managers are actively filing for new crypto ETFs, with expectations of a significant number of launches in the near future [4]