The prospectus for the Hashdex Nasdaq CME Crypto Index US ETF (“NCIQ”), is available here (the “Fund”).
Carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by visiting the SEC EDGAR database. Read the NCIQ prospectus (link) carefully before investing.
Investing involves a high degree of risk, including the potential loss of the entire investment. An investment in the Fund may not be suitable for all investors, may be considered speculative, and is not intended to be a complete investment program. Investors should be prepared to bear the risk of total loss of their investment in the Fund.
The Fund is not an investment company registered under the Investment Company Act of 1940 and, therefore, is not subject to the same regulatory requirements applicable to mutual funds or ETFs registered under that act. The Fund is also not a “commodity pool” for purposes of the Commodity Exchange Act. Before making an investment decision, investors should carefully consider the risk factors and other information set forth in the prospectus.
Shares of the Fund are intended to reflect, at any time, the value of the underlying assets held by the fund, less its expenses and liabilities. The price received when selling shares, which are traded on the secondary market, may be higher or lower than the net asset value (NAV) corresponding to the fund’s assets. If an investor sells their shares at a time when there is no active market for them, this lack of liquidity may adversely affect the trading price. For a complete discussion of the Fund’s risk factors, please refer to the prospectus.
Investing in digital assets involves significant risks due to extreme price volatility, as well as the potential for loss, theft, or compromise of private keys. The value of the Fund’s shares is directly tied to the acceptance of the underlying asset, industry developments, and changes in protocol governance, making them susceptible to market sentiment. Digital assets represent a new and rapidly evolving sector, and their value may be affected by technological changes, competition from central bank digital currencies, or other advancements in blockchain technology.
Changes in the governance of the underlying digital asset networks may not receive sufficient community support, negatively impacting adoption and adaptability. The trading and custody of digital assets present specific risks, including security threats such as hacking, operational failures, and unforeseen events. There is no guarantee that the Fund’s security procedures will be fully effective in protecting its assets from all forms of theft, loss, or damage.
Shares of the Fund are not deposits or other obligations guaranteed by Hashdex or its affiliates and are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency.
Although the Fund’s shares may be bought or sold on the secondary market through any brokerage account, they are not redeemable directly from the fund, except by authorized participants and only in aggregated units known as "baskets."
The appreciation of the Fund’s shares depends on market demand and the pricing of the underlying digital assets. Large market movements, adverse regulatory changes, or challenges in market infrastructure may negatively impact the fund’s trading.
The net asset value (NAV) of the Fund is calculated as specified in the prospectus, using industry benchmark indices. However, these indices may present discrepancies relative to the global price of the underlying digital asset, which may affect the value of the fund’s shares. No guarantee is given as to the accuracy or timeliness of the market data used in NAV calculations.
Past performance is not indicative of future results. The performance of the underlying index is provided for illustrative purposes only and does not reflect management fees, transaction costs, or other charges applicable to the fund.
Certain market conditions may favor specific sectors or investment strategies at given times. Achieving exceptional returns is associated with the risk of high volatility, and investors should not expect such performance to be repeated.
Hashdex does not guarantee the accuracy, timeliness, or completeness of the information contained in this material. All data is provided "as is" and may be subject to revision without prior notice.
Nasdaq Disclaimer
Nasdaq® is a registered trademark of Nasdaq, Inc. Nasdaq makes no representation or warranty, whether express or implied, to the owners of the Fund or any member of the public regarding the suitability of investing in securities in general or in the Fund in particular, or the ability of the Fund to track overall market performance. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any digital asset or any representation about the financial condition of a digital asset. Statements regarding Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate assets before investing. ADVICE FROM A FINANCIAL PROFESSIONAL IS STRONGLY ADVISED.
