# Hashdex Nasdaq CME Crypto Index ETF

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/Hashdex Nasdaq CME Crypto Index ETF).

## Overview

Hashdex Nasdaq CME Crypto Index ETF is a U.S.-listed exchange-traded fund that seeks to track a rules-based crypto index rather than actively trade or outperform it. The fund gives investors diversified exposure to a basket of crypto assets, with holdings and weights designed to mirror the Nasdaq Crypto US Index subject to eligibility and operational constraints.

## Products & services

• Passive ETF tracking the Nasdaq Crypto US Index
• Diversified exposure to index-eligible crypto assets
• Intraday indicative trust value dissemination
• Quarterly index reconstitution and rebalancing
• Cash management for expenses and redemptions

- **Index-tracking crypto ETF** (100%) — Shares designed to replicate the performance of the Nasdaq Crypto US Index through direct crypto asset exposure.

- Passive ETF tracking the Nasdaq Crypto US Index
- Diversified exposure to index-eligible crypto assets
- Intraday indicative trust value dissemination
- Quarterly index reconstitution and rebalancing
- Cash management for expenses and redemptions

## Customers

The fund is bought by investors seeking regulated, exchange-traded exposure to crypto assets without directly holding tokens. Its stated use cases include portfolio diversification, tactical allocation, and hedging against losses in index-related transactions. Because it is passive, the product appeals to investors who want benchmark exposure rather than discretionary crypto selection.

- **Retail ETF investors** (primary) — Buy shares on exchange to gain simple, regulated exposure to a basket of crypto assets.
- **Institutional investors** (primary) — Use the fund for portfolio allocation, risk management, and benchmark exposure to crypto markets.
- **Trading and hedging users** (secondary) — Use the ETF to hedge or express views on crypto index performance without direct token custody.

- Retail investors seeking exchange-traded crypto exposure
- Institutional allocators using the ETF for portfolio diversification
- Traders and hedgers needing benchmark-linked crypto exposure
- Investors preferring regulated custody and fund structure
- Buyers who want passive index exposure, not active crypto picking

## Geography

The fund is U.S.-domiciled and trades in the United States, with its index methodology tied to U.S.-regulated crypto trading and derivatives venues. Its operational footprint is therefore concentrated in U.S. market infrastructure, even though the underlying crypto assets are globally traded. Geography matters mainly through U.S. regulatory eligibility rules, market access, and the availability of approved trading and custody counterparties.

- United States is the domicile and primary listing market
- Index eligibility depends on U.S.-regulated trading or derivatives venues
- Operations rely on U.S. market infrastructure and settlement timing
- Underlying crypto assets trade globally, but fund access is U.S.-centric

## Strategy

The fund’s strategy is to maintain passive, full-replication exposure to the index and avoid leverage, inverse exposure, or active outperformance. It reconstitutes and rebalances quarterly, which helps keep holdings aligned with the benchmark as crypto market weights change. The sponsor also retains discretion to exclude or cap assets when regulatory, operational, or market-access issues could impair fund operation.

- **Maintain benchmark fidelity** (short-term) — The fund’s value proposition depends on closely tracking the index for investors.
- **Preserve operational and regulatory viability** (short-term) — Eligibility and sponsor discretion help avoid assets that could create registration or trading problems.
- **Provide transparent intraday pricing** (short-term) — Indicative Trust Value supports market making, trading, and investor confidence.

- Track the index rather than outperform it
- Maintain full replication where operationally feasible
- Rebalance quarterly to reflect crypto market changes
- Avoid leverage, inverse exposure, and tokenized/stablecoin assets
- Exclude assets when regulation or market access creates fund risk

## Risks

The fund is exposed to crypto price volatility, since returns are driven by the underlying index and the trust does not hedge or use leverage. It also faces regulatory and operational risk because index eligibility depends on U.S.-regulated trading venues, service-provider support, and sponsor discretion over asset inclusion. As an ETF holding digital assets, it is also exposed to valuation uncertainty, custody/settlement timing, and changes in market structure that can affect tracking and liquidity.

- **Crypto asset price volatility** [high] — The trust is passively exposed to the index and does not hedge or use leverage, so asset swings flow directly into NAV.
- **Regulatory eligibility risk** [high] — Index inclusion depends on U.S.-regulated trading or derivatives venues, which may not exist or may change over time.
- **Operational and liquidity support risk** [medium] — The sponsor may exclude assets if authorized participants or service providers cannot support trading or operations.
- **Valuation and fair value risk** [medium] — Crypto prices may require fair value judgments when settlement prices or market data are unavailable or unreliable.

- Crypto price volatility directly drives NAV and investor returns
- Index eligibility can change with regulation or market structure
- Sponsor discretion may exclude assets and alter index replication
- Custody and settlement timing can create tracking differences
- Fair value estimates may be needed when market prices are unreliable

## Accounting

The trust’s accounting is dominated by fair value measurement of crypto holdings, with NAV and results driven by market prices and index-based settlement values. Because crypto positions were established and settled around period end, timing differences between trade date and settlement date can affect reported holdings and comparability. Sponsor fees, expense allocations, and any fair value overrides also affect reported net investment loss and NAV.

- **Fair value measurement of crypto assets** — Can materially affect reported NAV and unrealized gains/losses
- **Trade-date versus settlement-date timing** — Can cause period-end holdings and custodian balances to differ
- **Sponsor fee and expense allocation** — Directly lowers NAV and reported performance

- Crypto holdings are measured at fair value and drive NAV
- Settlement timing can create period-end holding differences
- Fair value may rely on secondary prices or good-faith estimates
- Sponsor fees and allocated expenses reduce NAV
- Quarterly rebalancing affects portfolio composition and valuation

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*Last updated: 2026-04-28T20:14:24.178451+00:00*