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Blockchain
CIO Bulletin
09 June, 2025
The new data from Hashdex ETF mentions adding new blockchain indexes, points out issues with regulations, and follows changes related to crypto assets.
The risk of investing in blockchain was highlighted recently when the Hashdex Nasdaq Crypto Index US ETF updated the U.S. Securities and Exchange Commission (SEC) on June 6. From June 2, the firm’s benchmark, the Nasdaq Crypto US Settlement Price Index, now also includes Cardano (ADA), Solana (SOL), Stellar Lumens (XLM), and XRP.
ETF trades as NCIQ and is currently regulated, so traders can access Bitcoin (BTC) and Ethereum (ETH) with an index-based approach. As a result of the regulations still in place, the fund is limited from buying the blockchain assets and this may cause the fund’s performance to differ and increase its tracking error.
It is stated in the SEC filing that these restrictions could potentially make the ETF less in line with its enlarging list of assets as time goes on. While blockchain is used excessively in financial instruments, regulators’ approval is still required.
Nasdaq has applied for a new rule that will bring Chainlink (LINK), Litecoin (LTC), and Uniswap (UNI) into its broader Nasdaq Crypto Index (NCI) in addition to Bitcoin and Ethereum. On November 2, 2025, the SEC is expected to give its decision. If given the green light, the ETF could help by tracking many types of blockchain-based assets, which may improve the alignment and confidence of investors.