The Hashdex Nasdaq CME Crypto Index ETF (ticker: NCIQ) has filed its first annual SEC Form 10-K, revealing a significant expansion of its digital asset holdings and reporting over $1.2 billion in total net assets by year-end 2025.
The filing confirms the fund increased its portfolio from five to seven cryptocurrencies by December 31, 2025. Initially launched in late 2025 with exposure to Bitcoin (BTC), Ether (ETH), XRP (XRP), Solana (SOL), and Stellar (XLM), the ETF has now added Cardano (ADA) and Chainlink (LINK) to its basket of tracked assets.
According to the 10-K document, the fund had amassed $1,213 million in total net assets by the close of the year. The net asset value (NAV) per share was reported at $22.71, closely tracking its closing market price of $22.73 on December 31.
This expansion follows the U.S. Securities and Exchange Commission's (SEC) approval of generic listing standards for crypto index products in late 2025, which catalyzed a rapid growth in the multi-asset crypto ETF market. The filing provides the first comprehensive financial snapshot of the Hashdex ETF since its inception.
The broader market context shows several major asset managers have launched or converted products into this new ETF format. Bitwise Asset Management uplisted its flagship multi-asset fund to the NYSE Arca as an ETF in December 2025, now standing as the largest multi-asset crypto ETF by assets under management. Grayscale Investments successfully converted its legacy Digital Large Cap Fund into an ETF in September 2025, and Franklin Templeton launched its own crypto ETF in February 2025, initially holding only Bitcoin and Ethereum.
The Hashdex ETF tracks the Nasdaq CME Crypto Index methodology, and its expanded portfolio now offers U.S. investors a broader mix of leading digital assets through a single, regulated investment vehicle.
