ETF Evaluator:
Hashdex Nasdaq CME Crypto Index ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Digital Assets Over the Last Year
| 1090.2% | Grayscale Zcash Trust (ZEC) (ZCSH) |
| 112.1% | ProShares UltraShort Bitcoin ETF (SBIT) |
| 35.7% | ProShares Short Ether ETF (SETH) |
| 12.3% | Simplify US Equity PLUS Bitcoin Stgy ETF (SPBC) |
| 10.8% | Proshares UltraShort Ether ETF (ETHD) |
Risk
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Risk
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ETF Details
Hashdex Nasdaq CME Crypto Index ETF Overview
Hashdex Nasdaq CME Crypto Index ETF (NCIQ) is a passively managed Miscellaneous Digital Assets exchange-traded fund (ETF). Hashdex Asset Management Ltd. launched the ETF in 2025.
The investment seeks to provide investors with a straightforward means of obtaining price exposure to the crypto assets included in the Nasdaq Crypto U.S. Settlement Price Index™.
The sponsor will employ a passive investment strategy intended to track the changes in the index, regardless of its direction, meaning that the sponsor will not attempt to outperform the index. The index is designed to measure the performance of a portion of the overall crypto asset market.
About Hashdex Nasdaq CME Crypto Index ETF (NCIQ)
There are 1 members of the management team with an average tenure of 1.46 years: No Manager (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Nasdaq CME Crypto Settlement Price USD index with a weighting of 100%. Hashdex Nasdaq CME Crypto Index ETF has 10 securities in its portfolio. The top 10 holdings constitute 99.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Hashdex Nasdaq CME Crypto Index ETF is part of the Other global asset class and is within the Miscellaneous ETF group. Hashdex Nasdaq CME Crypto Index ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Hashdex Nasdaq CME Crypto Index ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $206 million in total assets, which is below the $564 million average for the Digital Assets category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NCIQ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hashdex Nasdaq CME Crypto Index ETF expense ratio is below average compared to funds in the Digital Assets category. Hashdex Nasdaq CME Crypto Index ETF has an expense ratio of 0.25%, which is 74% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hashdex Nasdaq CME Crypto Index ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 82% for the Digital Assets category.
Recently, in the month of July 2026, Hashdex Nasdaq CME Crypto Index ETF returned 7.9%, which earned it a grade of B, as the Digital Assets category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Hashdex Nasdaq CME Crypto Index ETF has a trailing yield of 0.00%, which is below the 15.12% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hashdex Nasdaq CME Crypto Index ETF Grades
Year to date, the ETF has returned -30.8%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned -49.3% over the past year (grade of D).
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NCIQ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NCIQ Return (NAV) | 7.9% | -17.8% | -49.3% | na | na | na |
| NCIQ Return (Price) | 7.5% | -18.1% | -49.3% | na | na | na |
| NAV +/- Price Return | 0.440% | 0.347% | 0.030% | na | na | na |
| Digital Assets Avg | 2.9% | -16.7% | -32.2% | 6.2% | -17.1% | 54.9% |
| NCIQ Grade (NAV) | B | C | D | na | na | na |
| +/- Category (NAV) | 5.0% | -1.1% | -17.1% | na | na | na |
| NCIQ Tax-Cost Ratio | na | na | 0.0% | na | na | na |
NCIQ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NCIQ Return (NAV) | -30.8% | na | na | na | na | na | na | na | na | na | na |
| NCIQ Return (Price) | -30.9% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.004% | na | na | na | na | na | na | na | na | na | na |
| Digital Assets Avg | -30.7% | -9.9% | 65.8% | 127.8% | -72.3% | 199.4% | 175.1% | 11.8% | -81.4% | 1391.4% | 119.9% |
| NCIQ Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -0.1% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 207 Mil |
| Share Class Assets: | $ 207 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.25% |
| Index Fund: | Yes |
| Index Tracked: | Nasdaq CME Crypto Settlement Price USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Manager No (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 10 |
| % in Top 10 Holdings: | 99.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 100.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | Hashdex Asset Management Ltd. |
| Phone Number: | 800-927-9800 |
| Website: | |
| Inception Date: | February 13, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.25% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.97% |
