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Hashdex, the company that launched the world's first XRP ETF, has applied to the SEC for six altcoins including Solana and AVAX!
The altcoin ETF race is in full swing following the approvals given by the SEC for Bitcoin and Ethereum ETFs.
At this point, XRP, Litecoin (LTC), and Solana (SOL), among many other altcoins, await ETF applications in front of the SEC, as asset manager Hashdex has made a new move involving six altcoins.
According to this, Hashdex requested permission from the SEC to add more cryptocurrencies to the SEC-approved Nasdaq Crypto Index US ETF, which currently only includes BTC and ETH, (NCIQ).
Hasdex's request includes the addition of six altcoins named ETF to Solana, XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin, and Uniswap (UNI).
After the SEC approval, the ETF launched on February 13th is trading on Nasdaq under the symbol NCIQ. This ETF currently allows investment in Bitcoin and Ethereum, making it the first dual-asset (BTC and ETH) ETF in the US.
The total assets of Hasdex Bitcoin, Ethereum ETF are around 70 million dollars, with 88% being BTC and 12% being ETH.