- SEC approval lets Hashdex expand its ETF holdings, adding XRP, Solana, Cardano, and Stellar.
- XRP now represents 7.11% of the Hashdex ETF, making it the third largest holding after BTC and ETH.
- New SEC listing standards cut ETF review times, prompting issuers to file for XRP and SOL products.
The U.S. Securities and Exchange Commission has approved Hashdex’s plan to expand its crypto ETF holdings. The decision allows the asset manager to align its Nasdaq Crypto Index US ETF with the full index composition, adding assets beyond Bitcoin and Ethereum.
XRP Becomes the Third Largest Holding
Under the approval, XRP now makes up 7.11% of the Hashdex Nasdaq Crypto Index Fund, with over 3.5 million XRP-linked shares already listed. Bitcoin remains the largest holding at 72.5%, followed by Ethereum at 14.8%. Solana represents 4.19%, while Cardano accounts for 1.2% of the fund.
Nate Geraci, president of NovaDius Wealth Management, remarked that the decision broadens exposure for investors. “The addition of XRP is a major milestone for the fund,” he said. The SEC’s decision was made under its new generic listing standards, designed to speed approvals for commodity-based trust shares.
The new rules shorten the review process for crypto ETFs from up to 270 days to as little as 75 days. Hashdex filed to expand the ETF earlier this year, requesting to include XRP and other digital assets.
Solana and More Assets Enter the Fund
Solana has also joined the ETF with a 4.19% allocation as of September 25, 2025. Its inclusion reflects growing demand for wider exposure to digital assets. Stellar has also been added, though it represents a smaller portion at 0.34%.
The SEC’s decision coincides with approvals of other crypto ETFs, including Grayscale’s Ethereum product earlier in the week. The regulator also confirmed in a joint statement with the CFTC that certain spot crypto products can be listed on U.S. trading platforms.
Asset managers are moving quickly under the new framework. Amplify ETFs has already filed for a SOL and XRP Monthly Income ETF. Meanwhile, issuers including Franklin and 21Shares are preparing applications for XRP spot ETFs, with several SEC deadlines expected next month.
