After Hashdex’s triumphant debut of an XRP spot ETF, the firm intends to incorporate Litecoin into its digital currency ETF.
Exchange Traded Funds represent investment vehicles possessing a spectrum of holdings, encompassing equities, bonds, or virtual currencies. ETFs are exchanged on bourses, empowering traders to acquire and dispose of equities during the trading session, akin to dealing with separate equities.
Hashdex recently secured the nod from the Brazilian Securities and Exchange Commission to introduce the globe’s inaugural XRP (XRP) spot ETF on the B3 exchange. Concurrently, a number of US providers, including Grayscale and WisdomTree, are anticipating clearance from the US Securities and Exchange Commission (SEC) for analogous offerings.
By integrating Litecoin (LTC), Hashdex will broaden the ETF’s asset foundation, potentially augmenting its diversification and rendering it more appealing to stakeholders within the virtual currency domain. This framework furnishes diversification, as traders can procure access to varied holdings via a solitary investment.
The Hashdex Nasdaq Crypto Index US ETF endeavors to seize the overarching patterns in the digital currency arena by delivering varied access to an array of digital holdings. Send Rules the Table
Litecoin, conceived in 2011, constitutes a peer-to-peer virtual currency that facilitates prompt and virtually cost-free remittances to anyone globally. It functions on an open-source, decentralized payment infrastructure devoid of any central oversight.
Asset management enterprise Hashdex has lodged a revision with the US Securities and Exchange Commission (SEC) to encompass Litecoin within its Hashdex Nasdaq Crypto Index US ETF.
