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Hashdex Nasdaq Crypto Index US ETF (NCIQ)
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Upturn Advisory Summary
08/14/2025: NCIQ (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 36.23% | Avg. Invested days 75 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 18.97 - 28.55 | Updated Date 06/28/2025 |
52 Weeks Range 18.97 - 28.55 | Updated Date 06/28/2025 |
Upturn AI SWOT
Hashdex Nasdaq Crypto Index US ETF
ETF Overview
Overview
The Hashdex Nasdaq Crypto Index US ETF (DEFI) seeks to track the investment results of the Nasdaq Crypto Index US (NCINUS), which is designed to measure the performance of a selection of the largest and most liquid crypto assets relevant to the US market.
Reputation and Reliability
Hashdex is an asset manager focused on crypto investment products with a strong track record in the Brazilian market, demonstrating experience in launching and managing crypto ETFs.
Management Expertise
Hashdex has a dedicated team of professionals with expertise in both traditional finance and cryptocurrency markets.
Investment Objective
Goal
To track the investment results of the Nasdaq Crypto Index US (NCINUS).
Investment Approach and Strategy
Strategy: The ETF employs a passive management strategy, seeking to replicate the performance of the Nasdaq Crypto Index US.
Composition The ETF holds a basket of crypto assets, weighted according to their market capitalization and liquidity within the index.
Market Position
Market Share: Market share information is not readily available for specific crypto ETFs.
Total Net Assets (AUM): 46869956
Competitors
Key Competitors
- IBIT
- FBTC
- ARKB
- BITB
Competitive Landscape
The crypto ETF market is highly competitive, with several established players. DEFI is new to the US market, and lacks a strong competitive edge. Competitors have established track records and significant AUM advantages.
Financial Performance
Historical Performance: Historical financial performance data is limited due to the recent launch of the ETF. Past performance is not indicative of future results.
Benchmark Comparison: Comparison to the Nasdaq Crypto Index US can be made over time to assess tracking effectiveness.
Expense Ratio: 0.9
Liquidity
Average Trading Volume
Average trading volume is moderate and depends on overall market interest in crypto assets.
Bid-Ask Spread
The bid-ask spread varies with market conditions and trading volume, and should be monitored for cost-effectiveness.
Market Dynamics
Market Environment Factors
Economic indicators, regulatory developments, and the overall sentiment towards cryptocurrencies significantly affect the ETF's performance.
Growth Trajectory
The ETF's growth is dependent on the adoption and performance of the underlying crypto assets and the general growth of the crypto market.
Moat and Competitive Advantages
Competitive Edge
DEFI's competitive advantage lies in its access to the Nasdaq Crypto Index US, potentially offering a well-recognized and trusted benchmark for crypto investments. However, its newer presence in the US market and lack of AUM compared to larger players could hinder its growth. Access to the Hashdex expertise and research can be a differentiating factor, though it is yet to be proven out in the US market. The lower fees compared to other Spot Bitcoin ETF offerings provide a slight competitive advantage.
Risk Analysis
Volatility
The ETF is subject to high volatility due to the inherent price fluctuations of crypto assets.
Market Risk
The ETF faces market risk associated with the crypto market, including regulatory uncertainty, security breaches, and technological risks.
Investor Profile
Ideal Investor Profile
Investors with a high risk tolerance seeking exposure to the crypto market and diversification through a basket of crypto assets.
Market Risk
Suitable for active traders or investors who understand the volatility and potential of crypto assets.
Summary
DEFI is designed to provide exposure to a diversified portfolio of crypto assets based on the Nasdaq Crypto Index US. It offers a way to participate in the growth of the crypto market, but comes with inherent risks. Its success depends on the continued growth of the crypto market, the accuracy of the index tracking, and its ability to attract investors in a competitive landscape. The fund has a moderate asset under management and is still in its early stages of performance history.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Hashdex website
- Nasdaq website
- SEC filings
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investments in ETFs are subject to risk, including the potential loss of principal.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Hashdex Nasdaq Crypto Index US ETF
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
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.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.