Nasdaq Proposes New Rules for Digital Asset-Based Investments
- Nasdaq has proposed Nasdaq Rule 5712 to introduce new listing and trading rules for digital asset-based investment products.
- The proposal focuses on reclassifying the Hashdex Nasdaq Crypto Index US ETF (NCIQ) under this new rule.
- NCIQ is an exchange-traded product fund managed by Hashdex, providing exposure to spot Bitcoin and Ethereum.
- The NCIQ was jointly launched by Nasdaq and Hashdex on February 14, 2025, as the first multi-asset spot crypto ETP for U.S. investors.
- This move aligns with Brazilian regulators approving Hashdex’s XRP ETF application, marking Brazil’s first spot XRP ETF launch.
Nasdaq aims to reclassify the Hashdex Nasdaq Crypto Index US ETF under Rule 5712, allowing broader digital asset-based investments, coinciding with regulatory approvals in Brazil for similar products.
Source (2.6)https://coingape.com/nasdaq-proposes-new-rule-change-for-digital-asset-based-investments-details/?rand=24432
