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The Hashdex Nasdaq CME Crypto Index ETF (NASDAQ:NCIQ) has made waves by adding Cardano to its portfolio holdings. This could be a key win for Cardano as a whole. Learn why.
Recently, Cardano officially got added to the Hashdex Nasdaq CME Crypto Index ETF. This development shows more institutional recognition for the crypto. Not only that, Hashdex has brought more exposure to this fund as it now features seven coins.
Hashdex Nasdaq CME Crypto Index ETF Adds Cardano
According to the annual Form 10-K filing given to the SEC, Hashdex Nasdaq CME Crypto Index ETF has officially added Cardano to its portfolio. Originally, the fund included only Bitcoin and Ethereum but has since expanded to represent a broader share of the crypto market.
In fact, the number of cryptocurrencies being supported goes up to seven with the addition of Cardano. These also include Bitcoin, Ethereum, XRP, Solana, Chainlink and Stellar. Cardano joined the party late, but it still got a measurable allocation within the ETF. It is currently representing about 0.68% of the portfolio as per the filing.
With over 75% allocation, Bitcoin is still king of the fund, followed by Ethereum with a little over 13%. XRP and Solana have midsize positions. Meanwhile, Chainlink and Stellar have the smaller ones.
The Growth of This ETF and Cardano Finalization
According to their official site, Hashdex Nasdaq Crypto Index ETF had about $485 million in AUM as of March 23. This shows a continued growth for this ETF since it launched in February 2025.
It is also worth noting that there were filings to add Cardano to this ETF in late 2025. However, the addition, which was delayed many times, is now final. This addition to the ETF shows how institutional investors are looking at the crypto market. Instead of being tied to only the biggest crypto coins, fund managers are starting to include a more diversified set of assets that better reflect the market.
What This Means for Cardano
When it comes to Cardano, it also benefits from this development. Notably, crypto coins that get included in a major crypto index ETF gain more visibility from institutional investors. Furthermore, their values also surge as this is seen as a bullish signal. In the past, Cardano rose to a five-month high as Grayscale advanced its spot ETF plans.
Recently, the value of ADA has been struggling as CoinMarketCap shows that it dipped from around $0.27 to $0.25 on the one-week chart. With the crypto index ETF listing still fresh, only time will tell if a potential surge may come again for the Cardano coin.
Amid all this movement, being part of the Hashdex Nasdaq CME Crypto Index ETF is still important and can not be understated. While the amount is not big, it gives Cardano more credibility and reach in the long run.