SEC Opens Door to More Assets as XRP Joins Hashdex Nasdaq ETF

The U.S. exchange-traded product (ETP) market for digital assets is taking another step forward. With regulators broadening the framework for crypto funds, XRP has now been included in a Nasdaq-listed multi-asset spot crypto ETF, giving investors easier access to a wider set of cryptocurrencies.

Hashdex Expands Multi-Asset Crypto ETF

Hashdex Asset Management announced that the Hashdex Nasdaq Crypto Index US ETF has expanded its holdings, making it the first multi-asset spot crypto ETP in the U.S. The fund, launched in February, will now operate under the SEC’s generic listing standards, which allow additional digital assets to be included.

Marcelo Sampaio, co-founder and CEO of Hashdex, said the expansion represents a milestone for U.S. investors. He explained that Hashdex, which has been offering crypto index products since 2018, is aiming to meet the growing demand for regulated crypto investment options. 

Since 2018, Hashdex has been a market leader in crypto index products globally, and this signifies a major milestone in meeting the needs of U.S. advisors and investors looking to participate in the continued evolution of the crypto ecosystem.

Marcelo Sampaio

With the update, the NCIQ fund now provides exposure to bitcoin, ether, XRP, Solana, and Stellar within a single product, making it easier for investors to access multiple digital assets at once.

According to regulatory filings, the ETF will offer exposure to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar Lumens (XLM), and XRP. Additionally, the investment vehicle will be subject to quarterly rebalancing and possible additions based on index rules.

Regulatory Progress and Market Outlook

The SEC approved the ETF for listing and trading in December 2024, with trading beginning in February. Its move to the generic listing framework signals a regulatory shift toward broader investor access to diversified crypto products.

The ETF is supported by Coinbase Custody and BitGo Trust as custodians, U.S. Bank Global Fund Services as administrator, and Nasdaq for index and listing oversight responsibilities. This follows the SEC’s approval of the Grayscale Coindesk Crypto 5 ETF (GDLC), another multi-asset spot crypto product offering exposure to BTC, ETH, XRP, SOL, and ADA.

XRP Price Trends and Market Expansion

At the time of writing, XRP is exchanging hands at $2.77, following a 2.53% intraday drop, though it remains up 36.55% year to date.

Key on-chain indicators highlight its strong performance:

• Price increased by 373% in the past year.
• Outperformed 97% of the top 100 crypto assets in 1 year.
• Outperformed both Bitcoin and Ethereum.
• Trading above the 200-day simple moving average.

Beyond price, XRP continues to expand its market presence, with options trading for XRP recently launched on the Chicago Mercantile Exchange (CME). At the same time, XRP has been approved for spot ETFs such as the REX-Osprey XRP ETF—a sign of growing investor demand. With its growing inclusion in ETFs, XRP is steadily cementing its role as one of the most prominent digital assets in regulated U.S. markets.