Hashdex Nasdaq CME Crypto Index ETF (NCIQ)

The Hashdex Nasdaq CME Crypto Index ETF (NCIQ) is an exchange-traded product sponsored by Hashdex that provides exposure to a basket of major cryptocurrencies. It seeks to track the performance of a Nasdaq crypto index designed for U.S. investors, which is built from digital assets whose reference prices are determined using CME CF benchmark rates.

The fund holds the underlying digital assets, led by bitcoin and ether, through a qualified custodian rather than using futures. The index is rebalanced periodically, so the mix of coins can change as new assets meet its eligibility rules.

Unlike a mutual fund or traditional ETF, the product is structured as a trust that is not registered under the Investment Company Act of 1940. Its share price moves with the value of the cryptocurrencies it holds, less fund expenses.