Overview
The Hashdex Nasdaq Crypto Index US ETF (NCIQ) provides investors with exposure to major cryptocurrencies through a regulated exchange-traded product. Unlike traditional ETFs, this fund operates outside the Investment Company Act of 1940 regulations while offering transparent pricing tied to the Nasdaq Crypto US Settlement Price™ Index (NCIUSS).
Key Features
- Ticker: NCIQ
- Exchange: Nasdaq
- Management Fee: 0.25% (temporary reduction through Dec 31, 2025)
- Primary Holdings: Bitcoin (BTC) and Ethereum (ETH)
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Fund Performance Metrics
Current Statistics (July 2025)
| Metric | Value |
|---|---|
| NAV Price | $27.96 |
| Closing Price | $27.84 |
| Shares Outstanding | 4,660,000 |
| Total Net Assets | $130.27M |
Historical Performance
| Period | NAV Return | Market Price Return |
|---|---|---|
| 1 Month | 2.09% | 2.45% |
| 3 Months | 31.08% | 31.34% |
| Since Inception | 9.46% | 9.72% |
Portfolio Composition
The ETF maintains a diversified crypto allocation:
- Bitcoin (BTC): 79.4%
- Ethereum (ETH): 10.2%
- XRP (XRP): 5.5%
- Other Altcoins: 5.7% (SOL, ADA, XLM)
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Premium/Discount Analysis
Recent Trading Patterns (Q3 2025)
| Trading Condition | Days |
|---|---|
| At NAV | 9 |
| Premium | 38 |
| Discount | 50 |
30-Day Median Spread: 0.18%
FAQ: Crypto Index ETF Essentials
How does NCIQ differ from traditional ETFs?
This ETF tracks crypto assets rather than conventional securities, using the NCIUSS index as its benchmark. Its non-1940 Act status means different regulatory oversight.
What are the main risks?
Price volatility from Bitcoin/ETH exposure and potential tracking differences versus the index.
How often does rebalancing occur?
The fund follows the index's methodology, which typically rebalances periodically to maintain target weightings.
Key Takeaways
- Provides regulated crypto exposure without direct asset ownership
- Transparent pricing via Nasdaq's institutional-grade index
- Currently benefits from reduced management fees (0.25% until 2026)
- Demonstrates consistent premium trading days despite crypto volatility
Data as of July 7, 2025. All figures subject to market changes.