Hashdex Nasdaq CME Crypto Index ETF Reports $121.3 Million in Net Assets for Inaugural Year

Hashdex Nasdaq CME Crypto Index ETF, formerly known as Hashdex Nasdaq Crypto Index US ETF, reported its financial performance for the fiscal year ending December 31, 2025, marking its inaugural year of operations. The Trust's total net assets reached $121.3 million, with 5,340,000 shares outstanding and a net asset value (NAV) per share of $22.71. The Trust's assets primarily consisted of crypto assets valued at $121.2 million and cash of $114,907. The Trust experienced a net decrease in net assets of approximately $1.98 million, attributed to operating expenses and market performance of the underlying index constituents.

Compared to its inception on February 14, 2025, the Trust's net assets increased significantly from zero to $121.3 million, driven by net capital share transactions totaling $123.3 million. However, the Trust recorded a net investment loss of $255,777, with total expenses amounting to $511,504, primarily due to management fees. The Sponsor waived a portion of the management fees, resulting in a net expense ratio of 0.25% of average net assets. The Trust's performance was impacted by a net unrealized depreciation of $2.06 million on its investment portfolio, reflecting the inherent volatility in the crypto asset market.

In terms of strategic developments, the Trust transitioned its reference index from the Nasdaq Crypto US Settlement Price Index to the Nasdaq CME Crypto Settlement Price Index on January 20, 2026. This change was designed to align the Trust's investment strategy with a more robust index while maintaining similar methodologies and constituents. The Trust's investment objective remains focused on tracking the price changes of the index constituents, which include Bitcoin, Ethereum, XRP, Solana, Cardano, Chainlink, and Stellar.

Operationally, the Trust created 5,580,000 shares during the reporting period, generating proceeds of $129.3 million, while redeeming 240,000 shares for $6.06 million. The Trust's management continues to monitor market conditions and investor demand, with a focus on maintaining liquidity through its authorized participants. The Trust's management fee was temporarily reduced to 0.25% per annum, effective through December 31, 2026, to support its operational strategy.

Looking ahead, the Trust's management remains cautious about market volatility and the potential impact on its investment performance. The Trust's future success will depend on its ability to navigate the evolving crypto asset landscape, maintain investor confidence, and adapt to regulatory changes. The management has indicated that it will continue to assess its strategies and operational efficiencies to enhance shareholder value while managing risks associated with crypto asset investments.