HASHDEX receives approval from the SEC to add XRP, Sol and XLM to its ETF crypt


By Angel di Matteo @Shadowargel

Hashdex, together with Nasdaq, announced that their cryptocurrency ETF in the US will now include XRP, Solana and Stellarthis after regulatory changes that facilitate the expansion of crypto funds.

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  • Nasdaq Crypto Index ETF will add XRP, Solana and Stellar to its portfolio.
  • The approval of generic standards by the Sec Open doors to more crypto funds.
  • Dozens of ETF requests could receive green light in the coming months.

HASHDEX, an investment products company based on cryptocurrencies, received approval from the US stock and securities commission (sec) to expand your Nasdaq Crypto Index ETFproduct launched together with the bag Nasdaq which can now incorporate new cryptocurrencies.

According to a report published by The block, This fund that originally only had exposure to Bitcoin and Ethereum, You can now incorporate XRP, Solana and Stellarincreasing its offer to make the most competitive product for investors in the US.

Samir Kerbage, Investment Director (CIO) of Hashdex, He pointed out in a statement that, thanks to these regulatory updates, the index will expand and adapt in accordance with new assets meet the index and contribution requirements.

The impact of the approval of generic standards

The Sec He recently approved standards proposed by three US bags, requesting changes in a rule that regulates trade and list of relief participations based on raw materials. This measure paves the way for dozens of ETF crypto requests to receive green light and accelerate their entrance to the market.

The objective of these generic standards is to reduce regulatory time and complexity to list new funds. In this way, managers like Hashdex They can offer more active in their products without undergoing prolonged approval processes for each individual cryptocurrency.

The approval is considered a milestone because it eliminates significant obstacles for the diversification of the Cripo ETF, providing investors accessing a broader range of digital assets under a regulated framework.

Market context and precedents

He Nasdaq Crypto Index ETF It was initially approved in December, when it included only BTC and Eth. This decision marked a precedent when opening the US market to products based on cryptocurrencies under official supervision.

Now, with the arrival of a new political environment in the US, and a more favorable regulatory climate towards the crypto industry, companies expect to accelerate the launch of diversified funds. According to specialized media, this change could trigger a wave of approval of ETFs based on several digital assets, a scenario that seemed distant.

In addition, the Sec passed last week a multiactive background of Grayscale offering exposure to XRP, Sun, ADA, ETH and BTC. This movement reinforces the perception that the regulatory authority is willing to allow products that reflect the variety of the crypto ecosystem.

Future perspectives

The announcement of Hashdex It arrives at a time of transformation of the sector. As more cryptocurrencies meet the technical and regulatory requirements, institutional investors could benefit from broader diversification without buying separate assets.

If the trend continues, in the coming months several ETFs could be launched that include from the main cryptocurrencies to emerging tokens. This could contribute to greater legitimation of the crypto sector and its integration into traditional financial markets.


Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

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