You know what? Hashdex thought, “Hey, let’s shake things up,” and filed this fancy little amendment with the SEC. What for? Oh, no big deal, just to add Litecoin (LTC) to their Nasdaq Crypto Index US ETF lineup. Sure, why not? 🧐
Up until now, the ETF only had Bitcoin (BTC) and Ethereum (ETH). Classic duo, right? But no, apparently hashing the hash wasn’t enough—they’re broadening it. Call it the buffet approach to crypto investing. Now we’ve got a whopping nine cryptocurrencies! NINE. Did they lose count or something?
Let me roll this out for you: Solana (SOL), XRP, Cardano (ADA), Chainlink (LINK), Avalanche (AVAX), Litecoin (LTC), and Uniswap (UNI) join the party. Yeah, it’s not your typical dinner party guest list, but okay. And each of these? Oh, they’re “segments of the crypto market.” Smart contracts, DeFi – the usual buzzwords. Fancy stuff. 🪙
Why are they doing this? To “offer broader exposure to digital assets.” Oh, please. Honestly, it’s more like throwing spaghetti at the wall to see what sticks. But hey, compliance is key. Don’t get me started on regulations. 😩
And Litecoin? Let’s talk about Litecoin. It’s been around forever in crypto years, like a weird crypto uncle at Thanksgiving. They say it adds “appeal” for investors. Oh, sure, super appealing. Because nothing says timeless investment strategy like “old and kinda used.” At $93.21, up 2.57% today? Don’t spend it all in one place, folks. 🤷♂️
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2025-03-17 22:09