Hashdex Nasdaq Crypto Index US ETF Releases First Financial Statements for Period Ending March 31, 2025

Hashdex Nasdaq Crypto Index US ETF has released its first financial statements for the period ending March 31, 2025, following its inception on February 14, 2025. The Trust reported total assets of $88.7 million, primarily consisting of investments in crypto assets valued at $88.7 million, with a cost basis of approximately $92.5 million. The net assets of the Trust stood at $88.7 million, with 4.25 million shares outstanding, resulting in a net asset value (NAV) per share of $20.88.

During this initial reporting period, the Trust experienced a net investment loss of $11,678, alongside a net realized loss of $195,902 and a significant net change in unrealized depreciation amounting to $3.7 million. Consequently, the total net decrease in net assets resulting from operations was reported at $3.95 million. The Trust's expenses totaled $23,307, which included management fees of $23,257, although a waiver of $11,629 was applied to reduce net expenses.

In terms of capital share transactions, the Trust issued shares amounting to approximately $93.99 million while redeeming shares worth $1.31 million, leading to a net increase in net assets from capital share transactions of $92.68 million. This activity contributed to the overall increase in net assets to $88.73 million by the end of the reporting period. The Trust's management fee is set at 0.50% per annum of the daily NAV, but the Sponsor has temporarily reduced this fee to 0.25% through December 31, 2025.

The Trust is focused on providing investors with exposure to the performance of bitcoin and ether, the only two components of its investment strategy. As part of its operational framework, the Trust will reconstitute and rebalance its index quarterly to align with the Nasdaq Crypto US Settlement Price Index. The management team has indicated that the Trust's performance may be subject to high volatility due to the nature of the crypto asset market, which could impact the price of shares.

Looking ahead, the Trust aims to enhance its market presence and investor engagement as it continues to navigate the evolving landscape of crypto assets. The management team remains committed to aligning the Trust's NAV with the daily price changes of the underlying index, while also managing operational expenses effectively. The Trust's fiscal year concludes on December 31, and future financial results will provide further insights into its performance and strategic direction.