STOCK TITAN

Hashdex Nasdaq CME Crypto ETF (NCIQ) to launch staking income program

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Hashdex Nasdaq CME Crypto Index ETF outlined new agreements and governance changes to enable staking of its crypto assets. A Sixth Amended and Restated Trust Agreement authorizes participation in proof-of-stake validation protocols and creates a separate, unlisted Sponsor Share class held solely by the Sponsor.

The Sponsor Share entitles the Sponsor to Net Staking Income, with 100% of Net Staking Income up to 25 basis points of net asset value attributable to Common Shares (annualized) allocated to the Sponsor, and any excess split 40% to the Sponsor and 60% to the Trust for the benefit of Common Shareholders. Staking is expected to commence promptly, subject to operational readiness, using Coinbase Cloud Pte. Ltd. as initial Staking Services Provider. Additional agreements include an Authorized Participant Agreement with Marex Capital Markets Inc. and a Master Purchase and Sale Agreement for Digital Assets with JSCT, LLC.

Positive

  • None.

Negative

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Filing Explained

The staking framework is signed, but staking remains conditional on operational readiness and is not reported as started.

The filing records executed amendments and agreements dated July 22 and 23, 2026, and says staking is expected to commence only subject to operational readiness.

This places the disclosure at a signed-framework stage: the contractual arrangements are in place, but the filing does not report that staking has begun.

The Marex agreement sets procedures for creating and redeeming baskets of Common Shares, while the JSCT agreement permits the Trust, through the Sponsor as agent, to buy and sell digital assets with JSCT on a principal-to-principal basis.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net Staking Income threshold 25 basis points Net asset value attributable to Common Shares (annualized) allocated 100% to Sponsor up to this level
Sponsor share of excess Net Staking Income 40% Portion of Net Staking Income above 25 basis points allocated to the Sponsor as holder of the Sponsor Share
Trust share of excess Net Staking Income 60% Portion of Net Staking Income above 25 basis points allocated to the Trust for the benefit of Common Shareholders
Date of Sixth Amended and Restated Trust Agreement July 23, 2026 Date the Sponsor and Trustee entered into the amended Trust Agreement enabling staking
Date of JSCT Purchase and Sale Agreement July 22, 2026 Date the Sponsor, on behalf of the Trust, entered into the Master Purchase and Sale Agreement for Digital Assets with JSCT, LLC
Staking Activities technical
"the Trust expects to commence Staking Activities promptly, subject to operational readiness"
Net Staking Income financial
"The Sponsor Share entitles the Sponsor to an allocation of Net Staking Income generated by the Trust’s staking program"
Sponsor Share financial
"creates a separate class of unlisted shares designated as the Sponsor Share, which is held exclusively by the Sponsor"
proof-of-stake validation protocols technical
"authorizes the Trust to participate, directly or indirectly, in the proof-of-stake validation protocols of applicable Index Constituent Networks"
Authorized Participant Agreement regulatory
"Marex Capital Markets Inc. entered into an Authorized Participant Agreement, acknowledged and agreed to by the Trust and the Sponsor"

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FAQ

What major change did Hashdex Nasdaq CME Crypto Index ETF (NCIQ) announce?

Hashdex Nasdaq CME Crypto Index ETF announced governance and commercial changes to allow staking of its crypto assets. A Sixth Amended and Restated Trust Agreement authorizes participation in proof-of-stake protocols and introduces a new Sponsor Share class tied to Net Staking Income allocations.

How is Net Staking Income allocated under the new Trust Agreement for NCIQ?

Net Staking Income will be allocated first 100% to the Sponsor up to 25 basis points of the Trust’s net asset value attributable to Common Shares, on an annualized basis. Above that threshold, income is split 40% to the Sponsor and 60% to the Trust for Common Shareholders.

What is the new Sponsor Share created by Hashdex Nasdaq CME Crypto Index ETF (NCIQ)?

The Trust created a separate, unlisted Sponsor Share class held exclusively by the Sponsor. This Sponsor Share entitles the Sponsor to receive allocations of Net Staking Income generated by the Trust’s staking program, according to the tiered allocation rules in the Trust Agreement.

Who will provide staking services to Hashdex Nasdaq CME Crypto Index ETF (NCIQ)?

Staking activities will be conducted through Coinbase Cloud Pte. Ltd. as the initial Staking Services Provider. Services are provided under a Master Infrastructure-as-a-Service Agreement previously disclosed, and staking is expected to commence promptly, subject to the Trust’s operational readiness.

What other key agreements did Hashdex Nasdaq CME Crypto Index ETF (NCIQ) enter?

The Trust entered a Third Amendment to the Sponsor Agreement to allow staking, an Authorized Participant Agreement with Marex Capital Markets Inc. for basket creations and redemptions, and a Master Purchase and Sale Agreement for Digital Assets with JSCT, LLC as a crypto trading counterparty.

When did the new Trust Agreement for Hashdex Nasdaq CME Crypto Index ETF (NCIQ) take effect?

The Sixth Amended and Restated Trust Agreement, which enables staking activities and establishes the Sponsor Share and Net Staking Income allocation, was entered into on July 23, 2026 by the Sponsor and CSC Delaware Trust Company, the Trustee of the Trust.
false --12-31 0002031069 0002031069 2026-07-22 2026-07-22 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 22, 2026

 

Hashdex Nasdaq CME Crypto Index ETF

(Exact name of registrant as specified in its charter)

 

Delaware   001-42511   33-2103856
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

19 West 44th Street, Suite 200, New York, NY 10036

(Address of principal executive offices, including zip code)

 

(866) 403-5272

(Registrant’s telephone number, including area code)

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Shares of Beneficial Interest of Hashdex Nasdaq CME Crypto Index ETF   NCIQ   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

 

 

 

Item 1.01. Entry into a Material Definitive Agreement.

 

Amendment to the Sponsor Agreement

 

On July 23, 2026, the Trust entered into the Third Amendment to the Sponsor Agreement, by and between the Trust and the Sponsor (the “Third Amendment to the Sponsor Agreement”), to allow for staking of the Trust’s crypto assets.

 

The foregoing description of the Third Amendment to the Sponsor Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which has been filed as Exhibit 10.1 to this Current Report on Form 8-K.

 

Authorized Participant Agreement

 

On July 23, 2026, Marex Capital Markets Inc. (the “Authorized Participant”) entered into an Authorized Participant Agreement, which was acknowledged and agreed to by the Trust and the Sponsor (the “Marex Authorized Participant Agreement”). The Marex Authorized Participant Agreement sets forth the procedures by which the Authorized Participant may create and redeem Baskets of Common Shares. Marex Capital Markets Inc. is one of the Trust’s Authorized Participants.

 

The foregoing description of the Marex Authorized Participant Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which has been filed as Exhibit 10.2 to this Current Report on Form 8-K.

 

Master Purchase and Sale Agreement for Digital Assets

 

On July 22, 2026, the Sponsor, acting as agent on behalf of the Trust and not in its individual capacity, entered into a Master Purchase and Sale Agreement for Digital Assets with JSCT, LLC (the “JSCT Purchase and Sale Agreement”). The JSCT Purchase and Sale Agreement sets forth the terms under which the Trust may purchase and sell digital assets from and to JSCT, LLC on a principal-to-principal basis. JSCT, LLC is one of the Trust’s Crypto Trading Counterparties.

 

The foregoing description of the JSCT Purchase and Sale Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which has been filed as Exhibit 10.3 to this Current Report on Form 8-K.

 

Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.

 

On July 23, 2026, the Sponsor and CSC Delaware Trust Company, the Trustee of the Trust, entered into a Sixth Amended and Restated Trust Agreement (the “Trust Agreement”). The Trust Agreement made changes to the Fifth Amended and Restated Trust Agreement to reflect the changes necessary to allow the commencement of staking activities in the Trust. A copy of the Trust Agreement is filed as Exhibit 3.1. Among other things, the Trust Agreement creates a separate class of unlisted shares designated as the Sponsor Share (the “Sponsor Share”), which is held exclusively by the Sponsor. The Sponsor Share entitles the Sponsor to an allocation of Net Staking Income (as defined therein) generated by the Trust’s staking program, as more fully described in the Trust Agreement and in the Prospectus Supplement described below. The Trust Agreement also authorizes the Trust to participate, directly or indirectly, in the proof-of-stake validation protocols of applicable Index Constituent Networks. In addition, the Trust Agreement sets forth the allocation of Staking Income (as defined therein) generated from the Trust's staking activities. Among other things, the Trust Agreement provides that, after the Staking Services Provider retains the Staking Services Provider's Portion (as defined therein) of any Staking Income, the remaining Net Staking Income will be allocated as follows: (i) 100% of Net Staking Income up to an amount equal to 25 basis points of the Trust’s net asset value attributable to the Common Shares (excluding, for the avoidance of doubt, any net asset value attributable to the Sponsor Share) (on an annualized basis) will be allocated to the Sponsor (as the holder of the Sponsor Share (as defined below)); and (ii) any Net Staking Income in excess of that threshold will be allocated 40% to the Sponsor (as the holder of the Sponsor Share) and 60% to the Trust for the benefit of Common Shareholders.

 

The foregoing description of the Trust Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which has been filed as Exhibit 3.1 to this Current Report on Form 8-K.

 

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Item 8.01. Other Events.

 

In connection with Items 1.01 and 5.03 above, the Trust expects to commence Staking Activities promptly, subject to operational readiness. Staking activities will be conducted through Coinbase Cloud Pte. Ltd. as the Trust’s initial Staking Services Provider, pursuant to the Master Infrastructure-as-a-Service Agreement previously disclosed by the Trust. A detailed description of the Trust’s staking program, including the Sponsor Share class, the allocation of staking income, the Trust’s liquidity risk policies and procedures, and the associated risk factors, is set forth in Prospectus Supplement No. 1, dated July 23, 2026, filed pursuant to Rule 424(b)(3).

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
3.1   Sixth Amended and Restated Trust Agreement
10.1   Third Amendment to the Sponsor Agreement, dated as of July 23, 2026.
10.2   Authorized Participant Agreement, dated as of July 23, 2026, by and among Marex Capital Markets Inc., the Trust and the Sponsor.
10.3   Master Purchase and Sale Agreement for Digital Assets, dated as of July 22, 2026, between JSCT, LLC and the Sponsor, on behalf of the Trust.
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

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SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: July 23, 2026 HASHDEX NASDAQ CME CRYPTO INDEX ETF
   
  By: /s/ Samir Elias Hachem Kerbage
  Name:  Samir Elias Hachem Kerbage
  Title: Director of the Sponsor (Principal Finance Officer and Principal Accounting Officer)

 

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Filing Exhibits & Attachments

7 documents