Hashdex eyes XRP & Cardano for crypto ETF expansion – Are more altcoins next?

• Hashdex seeks SEC approval to add Litecoin to its Nasdaq Crypto Index US ETF.
• Growing optimism for altcoin ETFs signals increased institutional adoption in 2025.

Hashdex, a leading crypto asset management firm, is making a bold move to expand its investment offerings.

On the 14th of March, the firm submitted an amendment proposal to the U.S. Securities and Exchange Commission (SEC) under file number 333-280990, seeking to add Litecoin [LTC] to its Hashdex Nasdaq Crypto Index US ETF.

If approved, this move would broaden institutional access to LTC within a regulated framework, reinforcing its position alongside Bitcoin [BTC] and Ethereum [ETH].

Altcoins that are supposed to be included

The revised index also aims to include other major cryptocurrencies such as Solana [SOL], Ripple [XRP], Cardano [ADA], Chainlink [LINK], Avalanche [AVAX], and Uniswap [UNI].

This marks a significant step in integrating digital assets into the traditional financial market.

The inclusion of Litecoin in Hashdex’s ETF isn’t just an expansion—it’s a strategic move to diversify the fund’s holdings and appeal to a broader investor base.

With over 10 years in the market, Litecoin is known as a faster, more efficient Bitcoin.

If approved, it would help connect crypto with traditional finance, offering more regulated investment options.

Polymarket trend

Polymarket data also suggests growing optimism for altcoin ETFs, with Solana ETF approval odds at 89%, Cardano at 69%, and Dogecoin at 70%, etc. signaling a potential wave of new ETFs in 2025.

That being said, while the timeline for an expanded U.S. launch remains unclear, competition in the crypto ETF market is intensifying.

Following the approval of BTC and ETH spot ETFs in 2024, fund issuers have ramped up efforts to diversify their offerings, reflecting the increasing demand for regulated exposure to a broader range of digital assets.

Sui ETF gains spotlight

This coincided with Canary Capital Group now seeking regulatory approval for a spot Sui ETF, which will be the firm’s sixth cryptocurrency ETF filing with the SEC.

Needless to say, the surge in ETF applications has accelerated since President Donald Trump’s election last November, reflecting renewed optimism for a more favorable regulatory landscape.

Therefore, as more firms expand crypto access in traditional finance, the growing ETF market may drive institutional adoption and diversification.