Wormhole token soars following tokenomics overhaul, W reserve launch

Detail: https://coincu.com/markets/federal-reserve-2025-rate-cut-plans/

The Federal Reserve (Fed) announced its first interest rate cut of the year, leading to an immediate reaction in the cryptocurrency market. Bitcoin (BTC) experienced a notable decline, dropping below the $115,000 threshold shortly after the announcement.  Expert Predicts Crypto Rally Fed Chair Jerome Powell addressed the current economic landscape, noting that while inflation has […]

Hashdex Asset Management Ltd. and Nasdaq Global Indexes have announced the expansion of the Hashdex Nasdaq Crypto Index US ETF (NCIQ), the multi-asset spot crypto exchange-traded product (ETP) in the United States. The ETF launched in February 2025 with spot Bitcoin and Ether, will now include exposure to XRP, Solana, and Stellar—bringing the total to five crypto assets. Collectively, these tokens represent over $3 trillion in combined market capitalization, says Hashdex. According to the asset manager the move provides U.S. investors with streamlined access to a diversified basket of digital assets through a single, tradable product. By tracking the Nasdaq Crypto US Index (NCIUS), the ETF offers rules-based exposure while removing the complexities of selecting individual cryptocurrencies. Global Leadership in Crypto Index Products Hashdex manages the multi-asset crypto ETP in Europe and the multi-asset crypto ETF in Latin America. With $1.56 billion in assets under management, Hashdex now offers four index products tied to the global Nasdaq Crypto Index. “Since 2018, Hashdex has been a market leader in crypto index products globally, and this signifies a major milestone in meeting the needs of U.S. advisors and investors,” said Marcelo Sampaio, Co-Founder and CEO of Hashdex. A Milestone for U.S. Crypto Index Investing According to Samir Kerbage, CIO at Hashdex, the expansion reflects growing demand from U.S. investors seeking structured, index-based crypto exposure. “With NCIQ, investors gain access to a dynamic, rules-based exposure that evolves with the market—eliminating the need to try to pick individual winners,” Kerbage said. He adds that regulatory clarity and the approval of generic listing standards have paved the way for NCIQ to expand and adapt as new assets meet index requirements. The NCIUS index is jointly developed by Nasdaq and Hashdex, includes strict eligibility criteria such as liquidity, market capitalization, and regulatory compliance. While ADA (Cardano) qualifies for the index, it is not currently included in NCIQ’s holdings. The Hashdex–Nasdaq Partnership The expansion also shows the ongoing collaboration between Hashdex and Nasdaq, which have co-developed several index and index-based crypto products since 2021. Nasdaq serves as the index administrator and listing venue for NCIQ, with Coinbase Custody and BitGo Trust providing crypto asset custody. U.S. Bank Global Fund Services acts as fund administrator, while Paralel Distributors LLC serves as marketing agent. As crypto continues to mature as an asset class, diversified index products like NCIQ are emerging as benchmarks for institutional and retail allocation