Hashdex moves to add Litecoin to crypto ETF after XRP spot ETF success

Asset management firm Hashdex has filed an amendment with the U.S. Securities and Exchange Commission to include Litecoin in its Hashdex Nasdaq Crypto Index US ETF.

The Hashdex Nasdaq Crypto Index US ETF aims to capture the overall trends in the crypto market by providing diversified exposure to a range of digital assets. 

By adding Litecoin ( LTC ), Hashdex will expand the ETF’s asset base, potentially improving its diversification and making it more attractive to investors interested in the cryptocurrency sector.

An exchange-traded fund is an investment fund that holds a collection of assets, such as stocks, bonds, or cryptocurrencies. ETFs trade on stock exchanges, allowing investors to buy and sell shares throughout the trading day, similar to individual stocks. 

This structure provides diversification as investors gain exposure to multiple assets within a single investment.

Hashdex recently received approval from Brazil’s Securities and Exchange Commission to launch the world’s first XRP ( XRP ) spot ETF on the B3 stock exchange.

 The decision came as multiple U.S. issuers, including Grayscale and WisdomTree, awaited SEC approval for similar products.

Litecoin, created in 2011, is a peer-to-peer cryptocurrency that enables instant, near-zero-cost payments to anyone worldwide. It operates on an open-source, decentralized payment network without any central authority.