The Hashdex Nasdaq CME Crypto Index ETF (HDEX.BH) has officially added Cardano (ADA) to its portfolio.
The issuer confirmed this update in its first annual Form 10-K filing submitted to the U.S. SEC this week. As a result, the ETF now offers investors exposure to seven major crypto assets, including Cardano.
Key points
- The Hashdex Nasdaq CME Crypto Index ETF now features seven cryptocurrencies, including Cardano.
- Cardano has a weight of 0.68%, trailing Bitcoin, Ethereum, XRP, and Solana, which have weights of 77.06%, 12.34%, 5.88%, and 3.35%, respectively.
- ADA has featured prominently in various multi-asset ETFs, including the Bitwise 10 Crypto Index Fund (BITW).
- It does not have a standalone spot ETF, with Grayscale’s efforts still pending.
Cardano Inclusion in Hashdex Crypto Index ETF
The fund originally launched in February 2025 with only Bitcoin and Ethereum. However, Hashdex steadily expanded its holdings. By September 2025, the ETF had grown to include five assets, adding XRP, Solana, and Stellar (XLM).
Although Hashdex had filed to include ADA and XRP as early as April 2025, it delayed ADA’s inclusion. Eventually, after multiple amended filings, Cardano joined the fund late last year, bringing the total number of supported assets to seven.
Currently, Cardano ranks fourth-largest in the ETF, with a 0.68% weighting. It trails Bitcoin (77.06%), Ethereum (12.34%), XRP (5.88%), and Solana (3.35%). Meanwhile, Chainlink and Stellar follow behind with allocations of 0.38% and 0.31%, respectively. As of March 23, the fund’s assets under management stood at $485.17 million.
ADA Presence in Crypto ETF Market
This development further strengthens ADA’s presence in institutional investment products. Cardano already featured in several crypto basket ETFs, including offerings from Bitwise Asset Management and Grayscale Investments.
However, Grayscale replaced ADA with BNB in its CoinDesk Crypto 5 ETF (GDLC). Despite that setback, sentiment improved after Ark Invest, led by Cathie Wood, included Cardano in a proposed basket of 20 crypto assets.
In that preliminary filing, ADA received a 2.29% weighting, surpassing those of Bitcoin Cash, Chainlink, Litecoin, and Sui. While ADA continues to gain traction in diversified crypto ETFs, it still lacks a standalone spot ETF. Grayscale’s efforts to launch the first Cardano spot ETF remain pending at press time.