Hashdex Asset Management has officially included XRP in its Nasdaq-listed multi-asset cryptocurrency exchange-traded fund (ETF). The move provides U.S. investors with regulated exposure to a diversified basket of five major digital assets through a single financial product.
The inclusion was made possible after the Hashdex Nasdaq Crypto Index US ETF transitioned to operate under the U.S. Securities and Exchange Commission's (SEC) generic listing standards. This regulatory framework simplifies the process for the fund to add new digital assets that meet specific criteria, signaling a potential for broader cryptocurrency investment options in the future.
Key Takeaways
- Hashdex has added XRP to its Nasdaq-listed multi-asset spot crypto ETF.
- The fund now offers exposure to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar Lumens (XLM), and XRP.
- The ETF operates under the SEC’s generic listing standards, which facilitates the inclusion of new digital assets.
- This development highlights XRP's growing integration into regulated U.S. financial products, including other ETFs and derivatives on the CME.
Hashdex Expands Its Flagship Crypto Fund
Hashdex Asset Management announced a significant update to its Hashdex Nasdaq Crypto Index US ETF, which first began trading in February 2025. The fund has now diversified its portfolio by adding XRP, making it one of the first multi-asset spot crypto ETFs in the United States to offer such a broad range of assets.
The fund's portfolio is designed to give investors a snapshot of the wider digital asset market. According to regulatory filings, its holdings now consist of five prominent cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar Lumens (XLM), and XRP.
Marcelo Sampaio, the co-founder and CEO of Hashdex, described the expansion as a key achievement for American investors. He emphasized the company's long-standing role in providing crypto index products since 2018.
“This signifies a major milestone in meeting the needs of U.S. advisors and investors looking to participate in the continued evolution of the crypto ecosystem,” Sampaio stated.
The fund's structure is intended to simplify crypto investing. By holding a single share, investors gain exposure to multiple digital assets, with the fund's composition managed through a disciplined rebalancing process.
Operational Framework and Rebalancing
The Hashdex ETF is subject to a quarterly rebalancing schedule. This process adjusts the weightings of the assets within the fund to align with the underlying index rules. The framework also allows for the potential addition of other digital assets in the future, provided they meet the index's eligibility criteria.
This systematic approach helps maintain the fund's intended diversification and ensures it reflects the current state of the market. It offers a passive investment strategy, removing the need for investors to individually buy, sell, and store multiple cryptocurrencies.
Background on Multi-Asset ETFs
Multi-asset exchange-traded funds bundle various types of assets, such as stocks, bonds, and in this case, cryptocurrencies, into a single investment product. This strategy allows investors to achieve diversification more easily than by purchasing each asset individually. The emergence of multi-asset spot crypto ETFs marks a new phase in the maturation of digital asset investment vehicles in the U.S.
A Shifting Regulatory Landscape
The ability of Hashdex to include XRP and other assets is directly linked to a recent regulatory development. The fund now operates under the SEC's generic listing standards, a framework that streamlines the approval process for adding new assets to an existing ETF without requiring a separate, lengthy application for each one.
This shift is seen by many market observers as a sign of growing regulatory comfort with a wider range of digital assets beyond just Bitcoin and Ethereum. The SEC initially approved the ETF for listing and trading in December 2024, with its public launch following two months later.
The move to a more flexible listing framework indicates a maturing market infrastructure. It allows fund managers like Hashdex to be more responsive to market dynamics while still operating within a regulated environment.
Key Institutional Partners
The Hashdex ETF is supported by a network of established financial institutions, ensuring its operational integrity and security. The roles are distributed as follows:
- Custodians: Coinbase Custody and BitGo Trust
- Administrator: U.S. Bank Global Fund Services
- Index and Listing: Nasdaq
This development follows the SEC's approval of another multi-asset product, the Grayscale Coindesk Crypto 5 ETF (GDLC). That fund provides exposure to a similar basket of assets, including BTC, ETH, XRP, SOL, and Cardano (ADA), further confirming the trend toward diversified crypto investment products.
XRP's Market Performance and Integration
The inclusion of XRP in the Hashdex ETF comes at a time of significant market activity for the digital asset. Its integration into regulated financial products is a key indicator of growing institutional and investor demand.
At the time of the announcement, XRP was trading at approximately $2.77. While it experienced a minor intraday dip of 2.53%, its year-to-date performance remained strong with a gain of 36.55%.
Long-Term Growth Metrics
According to market data, XRP has demonstrated impressive long-term growth. Key performance indicators highlight its momentum over the past year:
- The price of XRP has increased by 373% in the last 12 months.
- It has outperformed 97% of the top 100 crypto assets over the same period.
- Its performance has surpassed that of both Bitcoin and Ethereum in the last year.
- The asset has consistently traded above its 200-day simple moving average, a technical indicator often viewed as a bullish sign.
Beyond its price action, XRP is expanding its footprint in traditional financial markets. Recently, options trading for XRP was launched on the Chicago Mercantile Exchange (CME), a leading derivatives marketplace. This provides sophisticated investors with new tools to manage risk and speculate on XRP's price movements.
Furthermore, XRP has been approved for other spot ETFs, such as the REX-Osprey XRP ETF. Each new inclusion in a regulated product helps solidify its position as a major digital asset in the U.S. financial landscape. These developments collectively enhance liquidity, accessibility, and credibility for XRP among a broader base of investors.
