Hashdex has submitted an amendment to the U.S. Securities and Exchange Commission (SEC) to expand its Nasdaq Crypto Index US ETF by adding Litecoin (LTC) to its portfolio. Previously, the ETF only included Bitcoin (BTC) and Ethereum (ETH), but the proposed update signals a shift towards a more diversified investment strategy.
The revised ETF will now hold nine cryptocurrencies, broadening its focus to include Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI), in addition to BTC and ETH. These assets represent various segments of the cryptocurrency market, ranging from smart contracts to decentralized finance (DeFi).
By incorporating more cryptocurrencies, Hashdex aims to provide investors with a wider range of exposure to the rapidly evolving digital asset landscape, while still adhering to U.S. regulatory standards. The inclusion of Litecoin, a well-established cryptocurrency with a long track record, enhances the fund’s appeal to both traditional investors and those already active in the crypto space.
As of the latest data from CoinMarketCap, Litecoin is priced at $93.21, reflecting a 2.57% increase over the last 24 hours, with a market capitalization of $954 million.
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