The Hashdex Nasdaq Crypto Index US ETF (NCIQ) is an exchange-traded fund designed to provide exposure to the digital-asset market through a diversified basket of cryptocurrencies. The ETF is managed by Hashdex and trades under the ticker NCIQ on the Nasdaq.

Classified as a cryptocurrency and digital-asset ETF, the fund seeks to reflect, before fees and expenses, the performance of the Nasdaq Crypto US Index.

The ETF follows a passive strategy, maintaining exposure to eligible cryptocurrencies according to rules defined by the benchmark index. The methodology considers factors related to liquidity, market capitalization, regulatory eligibility, and custody infrastructure for the digital assets included in the portfolio.

Diversification and sector exposure

NCIQ provides exposure primarily associated with:

• Bitcoin.
• Ethereum.
• Cryptocurrency markets.
• Digital assets.
• Blockchain technology.
• Digital custody infrastructure.
• Financial technology.
• Global cryptoasset liquidity.

The ETF’s performance is particularly sensitive to cryptocurrency-market volatility, global monetary conditions, and the regulatory environment surrounding digital assets.

Changes in Federal Reserve monetary policy, international liquidity conditions, regulatory developments, and institutional adoption of cryptocurrencies may directly affect the fund’s behavior. The ETF may also reflect shifts in market perception regarding digital assets as an alternative asset class.

Structure and costs

NCIQ shares trade on the secondary market on the Nasdaq during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. Its structure depends on institutional custody services designed for storing eligible digital assets held within the portfolio.

NCIQ does not primarily seek recurring dividend or interest distributions, since the digital assets held by the fund do not generate traditional cash flows.

History and evolution of the ETF

The Hashdex Nasdaq Crypto Index US ETF was launched in 2024 during a period marked by the expansion of cryptocurrency-related ETFs and increasing integration between traditional financial institutions and the digital-asset sector in the United States.

Since inception, the fund has reflected movements associated with global cryptocurrency markets, including fluctuations in Bitcoin and Ethereum prices, regulatory developments, and changes in international monetary conditions.

In recent years, digital-asset ETFs have gained broader visibility within the U.S. market amid rising institutional adoption of cryptocurrencies, expansion of regulatory infrastructure, and growing demand for diversified exposure to blockchain and digital-asset markets.

Additional Information

Hashdex Nasdaq Crypto Index US ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $451.10 million.

Over the past 12 months, Hashdex Nasdaq Crypto Index US ETF recorded a return of -34.32%, with its price trading between $14.60 and $33.99 during the same period.

The ETF is traded under the ticker NCIQ.