Hashdex moves to add Litecoin to crypto ETF after XRP spot ETF success

The Hashdex asset management company has filed an amendment to the American Commission for Securities and Exchange to include Litecoin in its US Hashdex Nasdaq Crypto Index.

Hashdex Nasdaq Crypto US ETF index aims to capture The global trends in the cryptography market by providing diversified exhibition to a range of digital assets.

By addition Litecoin (Thal), Hashdex will broaden the asset base of the FNB, potentially improving its diversification and making it more attractive for investors interested in the cryptocurrency sector.

A negotiated stock market fund is an investment fund that has a collection of assets, such as stocks, bonds or cryptocurrencies. ETF Negotiate scholarships, allowing investors to buy and sell stocks throughout the negotiation day, similar to individual shares.

This structure Provides diversification As investors are exposed to several assets in a single investment.

Hashdex Recently received approval of the Securities and Exchange Commission of Brazil to launch the first XRP in the world (Xrp) ETF Spot on the B3 scholarship.

The decision has occurred as multiple American issuers, especially in gray levels and Wisdomtree, awaited the approval of the dry for similar products.

Litecoin, created in 2011, is a peer-to-peer cryptocurrency which allows instant payments and close to cost at anyone in the world. It operates on an open-source and decentralized payment network without any central authority.