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Red Flags Detected

  • Sponsor Share (new) — The Sponsor holds a separate unlisted share class that entitles it to a significant portion of staking income, creating a conflict of interest.
  • Limited Voting Rights (new) — Common shareholders have limited voting rights and cannot elect directors, reducing their control over the Trust.
  • Custodian Liability Caps (new) — Custodian liability is capped at levels far below the value of assets held, potentially leaving shareholders with unrecovered losses.
  • Index Change Discretion (new) — The Sponsor can change the tracked index at any time without shareholder approval, altering investment exposure.
NASDAQ: NCIQ Hashdex Nasdaq CME Crypto Index ETF 424B3

Hashdex Nasdaq CME Crypto Index ETF (NCIQ) files 424B3 prospectus; no new shares offered, staking income split favors sponsor

Filed July 24, 2026 · ~2 min read

Key Changes

  • high

    The Trust is a passively managed ETF tracking the Nasdaq Crypto CME Settlement Price Index, holding eight crypto assets with Bitcoin at 78.63% and Ethereum at 10.97% as of June 30, 2026.

    Business view on EDGAR →
  • high

    The Sponsor receives 100% of Net Staking Income up to 25 basis points of NAV and 40% of any excess, leaving Common Shareholders with only 60% of excess staking income.

    Prospectus Summary verify on EDGAR →
  • medium

    Common Shares have limited voting rights; shareholders cannot elect directors because the Trust has no board of directors.

    Prospectus Summary verify on EDGAR →

3 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov

Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify