Hashdex Nasdaq Crypto Index US ETF (NASDAQ: NCIQ) expands to multi-asset crypto index

Rhea-AI Filing Summary

Hashdex Nasdaq Crypto Index US ETF filed a current report describing changes that allow the Trust to rely on new generic listing standards adopted by The Nasdaq Stock Market LLC and approved by the SEC. Under these standards, the ETF is now permitted to hold additional crypto assets that are constituents of the Nasdaq Crypto US Settlement Price Index, instead of being limited to bitcoin and ether. As of this change, the Trust will track Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar Lumens (XLM) and XRP (XRP), with holdings subject to quarterly rebalancing and future additions in line with the index methodology and eligibility rules. The Trust is also filing a prospectus supplement to update its existing Form S‑1 registration statement, and the Sponsor will continue to adjust holdings to replicate the index within the generic listing standards.

Insights

ETF structure and products analyst

ETF shifts from bitcoin/ether focus to a broader crypto index exposure.

The Hashdex Nasdaq Crypto Index US ETF now relies on Nasdaq’s new generic listing standards, which permit it to hold all eligible constituents of the Nasdaq Crypto US Settlement Price Index. Previously limited to bitcoin and ether, the Trust now tracks a basket of crypto assets including BTC, ETH, SOL, XLM and XRP as of the effective date, with quarterly rebalancing.

This change ties the fund’s portfolio more tightly to the index methodology and any future additions that meet both index rules and the generic listing standards. It also introduces additional asset‑specific and index‑methodology risk, since performance will depend on how these constituents behave relative to each other and to broader crypto markets.

The Trust is filing a prospectus supplement to update its Form S‑1 disclosure, so subsequent documents should clarify operational details around index replication, rebalancing, and any future changes in the list of index constituents.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): September 25, 2025

Hashdex Nasdaq Crypto Index US ETF

(Exact name of registrant 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, zip code)

Registrant’s telephone number, including area code: (866) 403-5272

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 Crypto Index US 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 7.01 – Regulation FD Disclosure.

On September 25, 2025, the Sponsor issued a press release announcing changes of the Trust to rely on the generic listing rules. A copy of the press release is furnished as Exhibit 99.1 hereto.

The information furnished under this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Securities Act, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 8.01 - Other Events.

Reliance on Generic Listing Standards and Index Constituents

In reliance on the new generic listing rules adopted by The Nasdaq Stock Market LLC (the “Exchange”) and approved by the U.S. Securities and Exchange Commission (the “SEC”) (SR-NASDAQ-2025-056) (the “generic listing standards”), the Trust will be permitted to hold additional crypto assets that are constituents of the Nasdaq Crypto US Settlement Price™ Index (“NCIUSS” or the “Index”), rather than being limited to bitcoin and ether. Accordingly, the Trust will track Bitcoin (“BTC”), Ethereum (“ETH”), Solana (“SOL”), Stellar Lumens (“XLM”) and XRP (“XRP”), as of this date, subject to quarterly rebalancing and any additional Index Constituents added from time to time in accordance with the Index methodology and eligibility under the generic listing standards.

In connection with this change, the Trust is also filing a prospectus supplement to update and supplement certain information contained in the Registration Statement on Form S-1 (No. 333-280990).

The Sponsor will continue to monitor the Index composition and will adjust the Trust’s holdings in order to replicate the Index, subject to the restrictions set forth on the generic listing standards.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release, dated September 25, 2025, issued by the Sponsor
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: September 25, 2025	HASHDEX NASDAQ CRYPTO INDEX US 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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FAQ

What change did Hashdex Nasdaq Crypto Index US ETF (NCIQ) report?

The ETF reported that its Trust will now rely on new generic listing standards adopted by The Nasdaq Stock Market LLC and approved by the SEC, allowing it to hold additional crypto assets that are constituents of the Nasdaq Crypto US Settlement Price Index.

Which crypto assets does NCIQ track after this change?

The Trust will track Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Stellar Lumens (XLM) and XRP (XRP) as of the reported date, subject to quarterly rebalancing and potential future additions under the index methodology.

What index does the Hashdex Nasdaq Crypto Index US ETF follow?

The ETF follows the Nasdaq Crypto US Settlement Price Index, identified as NCIUSS, and will hold its constituents in accordance with the index methodology and the generic listing standards.

How often will NCIQ rebalance its crypto holdings?

The Trust’s holdings are subject to quarterly rebalancing, aligning the portfolio with the Nasdaq Crypto US Settlement Price Index while observing the generic listing standards.

Did Hashdex file any additional documents related to this ETF change?

Yes. In connection with this change, the Trust is filing a prospectus supplement to update and supplement information in its Registration Statement on Form S‑1 (No. 333‑280990).

Is the press release about NCIQ’s changes considered filed with the SEC?

No. The press release furnished as Exhibit 99.1 is provided under Regulation FD and is expressly stated as not deemed “filed” for purposes of Section 18 of the Exchange Act or incorporated by reference into other filings, except where specifically referenced.