Hashdex, a Brazil-based asset manager, has applied to the SEC to expand its cryptocurrency index ETF by adding XRP and Cardano (ADA) to its portfolio.
The expanding market need for more crypto investment choices is driving this new corporate direction.
Hashdex has specific requirements for cryptocurrency inclusion, including accessibility on major exchanges, independent pricing, strong fundamentals, and innovative use cases.
The revised filing comes as regulatory attitudes toward cryptocurrency change, bolstered by optimism following Donald Trump's decision to relax crypto regulations.