Hashdex
3 known investors
Hashdex provides crypto-focused exchange-traded products, including the Hashdex Nasdaq CME Crypto Index ETF (NCIQ) and the Hashdex Bitcoin ETF (DEFI), for investors seeking exposure to crypto assets. It operates as an asset manager in the cryptocurrency investment fund category.
Also known as Hashdex Asset Management Ltd.
Investors Β· 3
Company profile
researched Aug 2026Hashdex is an asset manager specializing in index-based exchange-traded products that provide investors with exposure to crypto assets. Its stated aim is to simplify access to crypto markets for professional investors, including financial advisors and institutional allocators, through regulated index ETFs rather than direct crypto holdings.
Two products are highlighted by the company: NCIQ, the Hashdex Nasdaq CME Crypto Index ETP, which tracks the Nasdaq CME Crypto Index (NCI) to provide diversified exposure across liquid crypto assets under defined operational and governance protocols; and DEFI, the Hashdex Bitcoin ETF, designed so that changes in the shares' NAV reflect daily changes in the Nasdaq Bitcoin Reference Price β Settlement (NQBTCS), less fund expenses. Neither fund is registered under the Investment Company Act of 1940, so they are not subject to the same regulations and protections as 1940 Act registered ETFs and mutual funds, and the company discloses that they carry significant risk and heightened volatility.
Alongside its products, Hashdex publishes research and commentary for investors, including "Inside the NCI" market notes, CIO Notes and a quarterly Market Pulse, covering index performance, regulatory developments such as the CLARITY Act stablecoin discussion, and crypto ETF flows.
Business model
Hashdex operates as an asset manager and product sponsor. Hashdex Asset Management Ltd. acts as sponsor to the NCIQ and DEFI exchange-traded products and receives a management fee.
Management fees earned by Hashdex Asset Management Ltd. as sponsor of its exchange-traded products.
Traction
The company reports having built over $2 billion in index products across eight countries as of July 31, 2026.
Latest developments
In 2026 the company published commentary noting a 25% weekly rise in the Nasdaq CME Crypto Index, US regulatory and Citigroup developments, Russia opening crypto access for retail investors, a Canadian national bank holding BTC and XRP, and the largest weekly bitcoin ETF inflow since April at $865 million. CoinDesk coverage referenced Hashdex's diversified crypto ETF as an added option for hedging.
βΈFull profile β market position, technology, go-to-market, geography, history, risks & controversies
Market position
Hashdex positions itself as an index specialist in crypto exchange-traded products, citing the launch of the world's first crypto index ETF and the first multi-asset crypto ETF in the United States.
Focus on index-based, benchmark-driven crypto ETFs built in partnership with Nasdaq, with governance and operational protocols intended to meet the requirements of professional allocators.
Technology
Index-tracking exchange-traded product structures benchmarked to Nasdaq-administered crypto indices, including the Nasdaq CME Crypto Index (NCI) and the Nasdaq Bitcoin Reference Price β Settlement (NQBTCS).
Go-to-market
Products are distributed through exchange listings with Paralel Distributors LLC serving as marketing agent, supported by published research and index commentary aimed at advisors and institutional allocators. The company also markets a partnership with Nasdaq as a benchmark provider for the crypto asset class.
Professional investors, including financial advisors and institutional allocators, seeking regulated exposure to crypto assets.
Geography
Index products offered across eight countries, with US-listed exchange-traded products; the company's domain is Brazilian (hashdex.com.br).
History
Hashdex states it has worked since 2018 to remove barriers preventing professional investors from accessing crypto through index-based ETFs, subsequently partnering with Nasdaq on a crypto asset class benchmark and launching products including NCIQ and the Hashdex Bitcoin ETF (DEFI).
Risks & controversies
The company discloses that NCIQ and DEFI are not registered under the Investment Company Act of 1940 and therefore lack the regulations and protections applicable to 1940 Act registered ETFs and mutual funds; the funds are subject to significant risk and heightened volatility, investors may lose all of their money, the products are not suitable for all investors, and an investment is not a direct investment in crypto assets.
Compiled by commissioned research from 1 cited public sources β announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed β not independently audited.
βΈResearch sources Β· 1
primary sources listed
- Hashdexhashdex.com.br Β· web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Hashdex do?
- Hashdex is a crypto asset manager offering index-based exchange-traded products, including the NCIQ and DEFI ETFs.
- Who are Hashdex's investors?
- Hashdex's investors include Alexia Ventures, Valor Capital Group, Canary.