SEC Approves Hashdex ETF Expansion to Include XRP and SOL
- The U.S. SEC has approved Hashdex’s Nasdaq Crypto Index ETF expansion, now including XRP and SOL.
- XRP will represent approximately 6.9% of the index, while SOL will account for about 4.3%.
- Bitcoin and Ethereum still dominate the index, making up 72.5% and 14.8%, respectively.
- New SEC rules reduce the approval timeline for crypto ETFs from up to 270 days to as little as 75 days.
- Other recent approvals include Grayscale’s Ethereum ETF under similar listing rules.
- Amplify ETFs has filed for a new SOL and XRP Monthly Income ETF following the SEC’s updated framework.
The SEC’s approval of Hashdex’s ETF expansion is part of a broader effort to streamline crypto product listings, potentially increasing institutional interest in assets like XRP and SOL.
With Bitcoin and Ethereum still leading the index, their combined share remains at an impressive total of over 87%, while new altcoin inclusions signal growing market diversification.(Source)
