Asset manager Hashdex has amended its S-1 regulatory filing to include seven additional altcoins in its cryptocurrency index exchange-traded fund (ETF), according to a March 14 filing with the U.S. Securities and Exchange Commission (SEC).
The newly proposed altcoins are Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI). As of March 17, the Hashdex Nasdaq Crypto Index US ETF currently holds only Bitcoin (BTC) and Ether (ETH).
Previously, Hashdex’s filings hinted at potential future additions but did not specify which cryptocurrencies might be included.
Transition to a Broader Crypto Index
The ETF also plans to transition from tracking the Nasdaq Crypto US Index, which includes only BTC and ETH, to the more comprehensive Nasdaq Crypto Index, according to the filing. This shift reflects the growing demand for diversified crypto investment products.
However, the changes require SEC approval before taking effect, and Hashdex has not provided a timeline for implementation.
Regulatory Tailwinds Drive Crypto ETF Expansion
The move comes amid a shifting regulatory landscape in the U.S., with President Donald Trump reportedly pushing for a more crypto-friendly stance from federal regulators. This policy shift has encouraged ETF issuers to accelerate their product rollouts.
In December 2024, the SEC approved both Hashdex and Franklin Templeton’s Bitcoin and Ether index ETFs, which were officially listed in February 2025. While initial inflows were modest, these funds marked a milestone as the first U.S.-based diversified crypto index ETFs.
Industry Eyes Crypto Index ETFs as Next Frontier
Hashdex’s expansion aligns with a broader industry push toward crypto index ETFs, which analysts see as the logical next step after spot Bitcoin and Ethereum ETFs launched in January and July, respectively.
Asset manager Grayscale is also moving in this direction, having applied to convert its Grayscale Digital Large Cap Fund into an ETF. The fund, created in 2018, holds a diversified portfolio including BTC, ETH, SOL, and XRP.
SEC Reviews Multiple Crypto ETF Proposals
The SEC is actively reviewing more than a dozen cryptocurrency ETF filings, according to records from February 2025. These filings, submitted by exchanges such as Cboe, cover various proposed rule changes, including staking, options trading, in-kind redemptions, and new types of altcoin funds.
With regulatory momentum building, Hashdex’s latest filing signals a potential expansion of crypto investment opportunities for traditional investors looking for diversified exposure beyond Bitcoin and Ethereum.
