The SEC in the USA has approved a Hashdex Nasdaq Crypto Index ETF. What this means is that large financial institutions can now sell financial products that have a mixed bag of crypto in it. Multiple institutions already sell products that offer single-crypto products (like a spot Bitcoin ETF or a spot Ethereum ETF). But now, they can offer mixed-crypto products.

The Hashdex Nasdaq Crypto Index ETF is a spot ETF. This means that the financial institution offering the ETF has to buy the asset to offer the product. 

At the time of writing (29 Sept 2025) the spot ETF in question was offering the following crypto recipe for its ETF:

Bitcoin BTC: 72.21%

Ethereum ETH: 14.58%

XRP XRP: 6.87%

Solana SOL: 4.14%

Cardano ADA: 1.22%

Chainlink LINK: 0.51%

Stellar XLM: 0.33%

Uniswap UNI: 0.14%

Large institutions buying up multiple cryptos to feed these hungry spot ETFs could put upward pressure on the price of the cryptos in the ETF. 

Or, of course, it might have no effect at all. The price could even drop, or go sideways. Nothing is certain but months after spot Bitcoin and Ethereum ETFs were approved, the price of both cryptocurrencies went up (although in a very volatile manner). The crypto bros and sisters among us may get some relief in a market that currently looks like the bear is licking it like a tasty snack. 

Perhaps the most interesting detail in the approval from the SEC is the inclusion of XRP. Given its long history of regulatory scrutiny in the US, XRP’s acceptance within this and other recent SEC-approved ETFs signals a turning point in crypto.

TradFi vs Crypto

With this new “multi-asset exposure” product now live, it does beg the question, “Will traditional finance eventually offer products that offer a mix of traditional assets and crypto assets?” It’s an interesting crossroads to be arriving at. 

Multi-asset ETFs that mix traditional assets and cryptocurrencies could prove to be a more sustainable bridge for institutional adoption than single-asset products. Risk might be lowered due to exposure across multiple blockchain ecosystems and traditional products. 

The future of crypto ETFs may lean less on single-asset hype cycles and more on diversified, long-term investment strategies. Of course, just because assets are traditional, doesn’t mean their value always goes up. Both traditional asset prices and crypto prices could fall to nothing and you could lose everything except the horse you rode in on. And then, the horse could run away too. So you still have to make good choices.

As it stands, the Hashdex Nasdaq Crypto Index ETF is a pure-play crypto ETF with zero room for traditional assets, even theoretically under its current structure. But if market conditions or regulations evolve, in time the SEC may give approval for hybrid products.

CoinJar Bundles

While diversified exposure to crypto ETFs is new to traditional finance (TradFi) CoinJar has been offering a product called a “Bundle” for quite some time. 
Diversified portfolios of mixed digital assets are a longstanding feature on CoinJar. And CoinJar customers have direct ownership of the underlying cryptocurrencies in their personal CoinJar wallets, giving true asset sovereignty. 

CoinJar Bundles offer diversification in a single purchase, designed for beginners with a low €20 entry point. But then again, the crypto crew knew this was an interesting product all along. It only took TradFi 16 years to see crypto the way we see crypto! Come on TradFi, catch up faster.

Please remember past performance is not a reliable indicator of future results. Don’t invest unless you’re prepared to lose all the money you invest. Due to the nature, complexity and volatility of crypto, it may be perceived to be a high‑risk investment. There are no government or central bank guarantees in the event something goes wrong with your investment.

CoinJar Europe Limited (CRO 720832) is registered as a VASP and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only. CoinJar Europe Limited (CRO 720832) is registered as a VASP and supervised by the Central Bank of Ireland (Registration number C496731) for Anti-Money Laundering and Countering the Financing of Terrorism purposes only.