IPO - Hashdex Nasdaq Crypto Index US ETF

Form Type: S-1/A

Filing Date: 2025-01-30

Corporate Action: Ipo

Type: New

Accession Number: 000121390025008408

Filing Summary: Hashdex Nasdaq Crypto Index US ETF is being registered to provide investors with price exposure to specific crypto assets, particularly bitcoin and ether, through shares offered to the public. The trust aims to reflect daily changes in the Nasdaq Crypto US Settlement Price Index (NCIUSS), which measures a significant portion of the overall crypto market. The shares will trade on Nasdaq under the symbol 'NCIQ', and are structured to make investment in crypto assets easier for the public. The trust is organized as a Delaware statutory trust and is classified as an emerging growth company, allowing it to follow reduced reporting requirements. The investment strategy involves holding only bitcoin and ether, though there are references to potentially including other assets under specific conditions, reflecting a passive investment approach without leverage. Risks associated with volatility in crypto markets and the performance discrepancies between the shares and the actual crypto assets are significant considerations for investors. There are also discussions on regulatory and custodial arrangements for managing these digital assets, indicating a continuous offering of shares with no specific termination date set, and highlighting the absence of shareholder rights typical in traditional corporate structures.

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