Investment fund Hashdex has taken a major step towards diversity in cryptocurrency-based exchange-traded instruments. The company has filed an S-1 with the Securities and Exchange Commission (SEC) to list the Hashdex Nasdaq Crypto Index US ETF. This is ETH, which could track the price of Bitcoin and Ethereum from the Nasdaq cryptocurrency index, allowing you to earn on the growth of these coins. Most importantly, the number of the latter may increase in the future.

This week, Ethereum-based spot ETFs went live. They recorded an influx of funds on the first day after listing, but the following days have led to at least a withdrawal of capital.

Which cryptocurrencies will receive an ETF in the USA?

Currently, the Hashdex ETF project includes the option to track the price of Bitcoin and Ethereum. However, the submitted document specifically notes that more cryptocurrencies may be included in the fund in the future. Here is a quote on this matter, provided by Cointelegraph.

If any cryptoasset other than Bitcoin and Ethereum becomes eligible for inclusion in the index, the Sponsor will adopt a selective replication strategy using only BTC and ETH in the same proportions as determined by the index.

However, this growth is not without its challenges, The Block reports. Still, the risks associated with smart contract vulnerabilities continue to scare off investors. The crypto industry regularly experiences hacker attacks on decentralized platforms, leading to multi-million dollar losses. Regulatory uncertainty also remains.

So far, everything is moving towards 2024 being the year of crypto ETFs. And while they do not deprive the coin industry of volatility, large investors are gradually pouring their capital into such projects. And this leads to both the improvement of the reputation of the coin sphere among the masses and the growth of the number of fans of decentralized assets..