Nasdaq has proposed a new rule to allow the trading and listing of investment products linked to digital assets, according to a recent filing.
The proposal suggests adding a new rule, called Nasdaq Rule 5712, which would let companies list securities backed by digital assets.
These include securities from companies holding digital assets and investment interests based on cash, derivatives, or other sources. It also proposes moving the Hashdex Nasdaq Crypto Index US ETF to this new rule from its current listing category.
The filing mentioned, “This proposal aims to amend representations regarding the investment objective and strategy of the [Hashdex Nasdaq Crypto Index US ETF] made in the rule change previously filed with and approved by the Securities and Exchange Commission relating to the Trust.”
The cryptocurrency investing company Hashdex is in charge of managing the Hashdex Nasdaq Crypto Index US ETF. According to its July 2024 registration statement, the fund’s primary holdings are Bitcoin and Ether, but it may also own other digital assets based on U.S. crypto legislation.
Also Read: Nasdaq Seeks SEC Approval for XRP & Litecoin ETFs
