SEC Approves Hashdex Index ETF Expansion to XRP and Solana

Jimmy Aki
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On September 24, the Hasdex Index ETF secured official approval from the Securities and Exchange Commission (SEC) to operate under new generic listing standards. This decision gives the fund the green light to broaden its holdings, moving beyond Bitcoin and Ethereum to now include XRP and Solana.

New Listing Standards Pave the Way for Hashdex ETFs Approval

In a filing made under Form 8-K, the company confirmed the changes. The submission included a Third Amended and Restated Trust Agreement between Hashdex Asset Management Ltd. and CSC Delaware Trust Company.

This replaced the earlier second agreement and gave the product a clear path forward.

For investors, this matters because it opens the door to more choice. Instead of being limited to exposure to Hashdex Bitcoin or Ethereum ETFs, they can now access a broader mix of assets through a regulated vehicle.

This amendment came on the heels of SEC’s introduction of new listing standards that simplify the approval process.

Instead of waiting months for individual cases to be reviewed, qualified products can now move faster.

Under the old rules, an application could take up to 270 days before a final decision. With the new listing standards, clearance may come in as little as 75 days. This is a positive shift, and one that many issuers had been waiting for.

Crypto ETF Issuers Prepare for Massive October Launches

The SEC has already started clearing the way for others. Just days earlier, the commission approved Grayscale’s Ethereum ETF after NYSE Arca filed to shift the firm’s products under the same listing standards rule.

Other issuers are lining up. Amplify ETFs filed for a SOL and XRP Monthly Income ETF, which aims to deliver income alongside price exposure to XRP and Solana. The design blends yield with growth, offering a new take on how a crypto ETF can serve investors.

In August, 21Shares submitted an application to the SEC for an SEI ETF. The fund would track the Sei Network’s native token, giving investors regulated access to another fast-growing asset.

Earlier this year, 21Shares had also sought approval for a Polkadot ETF.

These filings reveal a clear pattern that asset managers are not holding back. With the new listing standards, they see the chance to launch products faster, reach markets sooner, and offer investors wider exposure.

The Hasdex Index ETF approval may be the headline today, but it is only the beginning. October is already shaping up to be packed with launches, and more will almost certainly follow.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.