On Tuesday, Hashdex Asset Management released the Hashdex Nasdaq Crypto Index US ETF (NCIQ). According to Hashdex, NCIQ is the first multi-asset spot crypto ETF to be made available to U.S. traders.
NCIQ looks to provide dual exposure to both spot bitcoin and ether. Following a fee waiver, the fund has a net expense ratio of 0.25%.
To apply its paired crypto strategy, the fund tracks the NNasdaq Crypto US Index (NCIUS). This index was largely built to provide results representative of the crypto market as a whole. Currently, NCIUS only holds bitcoin and ether.
Advantages of Bitcoin & Ether Investing
NCIQ employs a passive strategy in order to provide similar results to the index. As such, the fund may be an opportune choice for traders looking to profit from more broad crypto momentum.
The split cryptocurrency exposure could also offer another interesting use case for the fund. For example, should bitcoin experience a bout of volatility, NCIQ’s ether exposure could be able to blunt potential downside.
That being said, investors should be aware that the fund currently holds a larger weight in bitcoin than ether. As of February 18, 2025, about 86% of NCIQ’s assets remained in bitcoin, while the remaining portfolio sat in ether. However, given the fund’s strategy of following the Nasdaq index, these weightings are subject to change.
“In a recent VettaFi survey, 57% of advisors that had exposure to crypto planned to increase exposure in 2025,” said Todd Rosenbluth, head of research at VettaFi. ”We believe these people will benefit from a product like the one Hashdex brought to market. However, education remains key, especially for those that have sat on the sidelines."
NCIQ is now the second Hashdex ETF to come to market. The first fund was the Hashdex Bitcoin ETF (DEFI). Notably, DEFI’s NAV has skyrocketed over 125% over the last year, as of January 31, 2025.
For more information, please visit VettaFi.com | ETF Trends.
