Hashdex to Add Several Altcoins to its Crypto Index ETF

Hashdex, a Brazil-based asset manager focused on digital assets, has filed an amendment with the US Securities and Exchange Commission to expand its cryptocurrency index ETF to include additional altcoins like XRP and Cardano (ADA).

For inclusion, cryptocurrency tokens must meet specific criteria, such as having tradable markets on core exchanges like Bitstamp, Coinbase, and Gemini, and possessing free-floating pricing, meaning their value isn’t pegged to another asset.

Hashdex also considers factors like reputational and security concerns, and excludes cryptocurrencies that lack novel use cases or crypto-economic innovation. Meme cryptocurrencies may also be excluded from the index.