Nasdaq Smooths Path for Crypto ETF with Quick Rule Fix
Published Date: 9/29/2025
Notice
Summary
Nasdaq is updating the rules for the Hashdex Nasdaq Crypto Index US ETF to make it easier to list and trade by using a simpler, generic standard. This change kicks in right away, helping investors trade more smoothly without waiting. If you’re into crypto ETFs, this means quicker access and potentially better trading options starting now!
Analyzed Economic Effects
4 provisions identified: 3 benefits, 1 costs, 0 mixed.
ETF moved to Generic Listing Standards
The Hashdex Nasdaq Crypto Index US ETF will be listed and traded under Nasdaq Rule 5711(d)'s Generic Listing Standards. Any listing requirements from the Hashdex Original Filing that differ from those Generic Listing Standards will no longer apply.
Immediate effectiveness of rule change
Nasdaq filed the proposed rule change on September 22, 2025, and the Commission designated the proposal to be operative upon filing, waiving the usual pre-filing and 30-day operative delay. That means the change to have the Trust rely on the Generic Listing Standards became effective upon filing.
Ongoing compliance with continued listing standards
The Trust will be required to meet and comply with the continued listing standards of Rule 5711(d) on an ongoing basis after operating under the Generic Listing Standards. The Exchange states the Trust will meet the requirements and comply with continued listing standards as required by the rule.
Commission may suspend change within 60 days
Within 60 days of the filing, the Commission may summarily suspend the proposed rule change if it appears necessary or appropriate for investor protection or the public interest. If suspended, the Commission will institute proceedings to determine approval or disapproval.
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