- Hashdex submitted an index change amendment to the SEC to add Litecoin to its Nasdaq Crypto Index US ETF.
- The move aims to expand institutional investment and offers broader exposure to altcoins.
- Litecoin’s addition reflects growing confidence in the crypto asset beyond Bitcoin and Ethereum.
Hashdex has filed an amendment with the U.S. Securities and Exchange Commission (SEC) to include Litecoin (LTC) in its Nasdaq Crypto Index US ETF.
If approved, this change would broaden institutional investment opportunities for Litecoin and represent a significant step beyond the current focus on Bitcoin and Ethereum in similar investment products.
The Litecoin Foundation shared the filing on X, emphasizing its importance to the LTC community. The ETF tracks the Nasdaq Crypto Settlement Price Index (NCIS), which was previously named the Nasdaq Crypto US Settlement Price Index (NCIUSS) before a rebranding.
Why Is Litecoin Gaining Institutional Interest?
Since its launch in 2011 by Charlie Lee, Litecoin has established itself as a crypto for faster transactions and lower fees compared to Bitcoin. Institutional interest in Litecoin has steadily risen, with investors recognizing its strong network security, liquidity, and use as a store of value.
While Bitcoin and Ethereum have been the primary focus of crypto ETFs, Litecoin’s inclusion in Hashdex’s ETF highlights increasing confidence in the project. Through an ETF structure, Litecoin would become more accessible to traditional investors who prefer the regulated environment of financial products over the complexities of direct cryptocurrency ownership.
Related: Litecoin ETF From Canary Capital Gets Listed on DTCC: LTC Price Impact Analyzed
How Hashdex’s ETF Operates
The Nasdaq Crypto Index US ETF is designed to provide diversified exposure to the cryptocurrency market by tracking a basket of digital assets through the Nasdaq Crypto Settlement Price Index. Its Net Asset Value (NAV) is calculated daily, reflecting the total market value of its assets.
Hashdex currently charges a 0.50% annual management fee for the ETF. However, a temporary reduction to 0.25% per annum is in effect until December 31, 2025.
The trust also covers operational costs such as brokerage fees, exchange fees, and custody services, while Hashdex handles regulatory and administrative expenses.
With Litecoin added to the index, the ETF could attract more investors looking for broader crypto exposure. This move highlights the growing acceptance of altcoins in mainstream financial products.
Related: Litecoin ETF Could Beat XRP in ETF Race, Despite Multiple SEC Filings
Besides Hashdex’s ETF, other asset managers like Canary Capitals are seeking spot ETFs around Litecoin. Interestingly, Bloomberg analysts have given this product a 90% chance of approval.
As of this press time, Litecoin is trading at $90.14, a 2.8% dip in the past day. Its price has been fluctuating in recent weeks as political and economic factors disrupt the market. Notably, the asset has now seen a 32% loss in the past month.
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