Hashdex Nasdaq ETF expands crypto index to seven assets, adding Cardano and Chainlink

US investors gained fresh insight into the Hashdex Nasdaq ETF as the issuer detailed its evolving crypto basket in a new regulatory filing on the fund.

Hashdex files first 10-K and confirms broader crypto exposure

Hashdex submitted its first annual SEC Form 10-K for the Hashdex Nasdaq CME Crypto Index ETF, confirming portfolio changes through December 31. The document details assets held, net asset value, and index composition since launch.

The ETF, which launched in late 2025, initially provided US investors exposure to five cryptocurrencies. At inception, the index basket held Bitcoin (BTC), Ether (ETH), XRP, Solana (SOL), and Stellar (XLM). However, the latest filing shows the portfolio expanded by year-end.

According to the 10-K, the fund increased its holdings from five to seven digital assets as of December 31. Moreover, the expansion reflects growing demand for diversified crypto index products that go beyond the largest two tokens.

Cardano and Chainlink join the ETF’s index basket

The Hashdex Nasdaq ETF confirmed it added Cardano (ADA) and Chainlink (LINK) to its index before December 31. The filing explicitly lists both tokens as new constituents, bringing the total number of tracked digital assets to seven.

The portfolio continues to treat Bitcoin and Ether as core holdings. It also maintains exposure to XRP, Solana, and Stellar, preserving continuity with the original construction. That said, the inclusion of Cardano and Chainlink broadens the ETF’s coverage of leading smart-contract and oracle networks.

As a result, the fund now reflects a more diversified mix across major layer-1 and infrastructure projects. However, the strategy remains rules-based, following the Nasdaq CME Crypto Index methodology rather than discretionary selection.

Year-end assets and ETF valuation metrics

The Form 10-K states that the fund reached $1213 million in total net assets by year-end. This figure underscores the rapid scaling of the product since its late 2025 debut and positions it among the larger multi-asset crypto index vehicles in the US market.

On December 31, the ETF reported a net asset value per share of $22.71. Meanwhile, the closing market price stood at $22.73, closely tracking NAV. Moreover, the narrow spread between trading price and underlying value suggests efficient primary market activity and sufficient secondary market liquidity.

The filing notes that the ETF has operated as a multi-asset crypto index product since inception. That said, this first full-year 10-K offers the most comprehensive financial snapshot to date, including portfolio composition, valuation metrics, and changes in the number of underlying assets.

Regulatory backdrop and timing of the ETF launch

The ETF launched in late 2025 after the SEC approved generic listing standards for crypto index ETFs. This regulatory shift, finalized in late 2025, opened the door for broader multi-asset crypto exchange-traded funds to list on US exchanges.

Hashdex introduced its product once that framework was in place. The fund tracks the Nasdaq CME Crypto Index rules, which govern asset eligibility, weightings, and rebalancing. Moreover, the December 31 filing confirms the ETF’s expanded holdings and reiterates its $1213 million asset base at year-end.

The move to a seven-asset basket aligns with the broader market trend toward diversified crypto exposure. However, the index construction still prioritizes liquidity and market capitalization, preserving institutional suitability.

Expansion of the crypto index ETF landscape

The SEC’s approval of generic standards triggered a wave of multi-asset crypto ETF activity. Several managers either launched new funds or converted existing vehicles once the rules took effect in 2025, reshaping the competitive field.

Bitwise Asset Management uplisted its flagship multi-asset crypto fund to NYSE Arca in December 2025. The firm converted the product into an exchange-traded fund structure, which now ranks as the largest multi-asset crypto ETF by assets under management.

Grayscale Investments completed a similar transition earlier. In September 2025, it converted its Digital Large Cap Fund from a legacy trust into an ETF. As a result, the new structure allows daily creations and redemptions, improving liquidity and price discovery compared with the prior closed-ended format.

Franklin Templeton entered the market even sooner with a crypto ETF launched in February 2025. The fund initially held only Bitcoin and Ethereum, focusing on the two largest assets by market capitalization. However, it arrived ahead of the broader wave of multi-asset listings.

Within this evolving landscape, the Hashdex Nasdaq ETF has positioned itself as a rules-based, multi-asset crypto index product. The fund’s 10-K highlights its shift from a five-asset portfolio to a seven-asset structure by December 31, while documenting its crypto ETF year end assets and valuation metrics.

Outlook for multi-asset crypto index products

With the first full-year filing now public, investors have clearer visibility into the ETF’s methodology, asset mix, and scaling trajectory. Moreover, the combination of Bitcoin, Ether, XRP, Solana, Stellar, Cardano, and Chainlink underscores the focus on high-liquidity, large-cap tokens.

Market participants will continue to monitor how index rules respond to shifts in trading volumes, market capitalization, and token fundamentals. That said, the confirmed seven-asset basket and hashdex nasdaq branding suggest the issuer remains committed to a diversified, institutionally oriented approach to crypto exposure.

In summary, Hashdex’s first Form 10-K marks a key milestone for its Nasdaq CME Crypto Index ETF, capturing its expansion to seven digital assets and a year-end base of $1213 million in net assets.