Nasdaq CME Crypto Index (NCI)

The Nasdaq CME Crypto Index (NCI) is a proprietary crypto asset benchmark co-developed by Hashdex and Nasdaq to provide global investors with a reliable, rules-based index for the cryptocurrency market. The NCI serves as the benchmark for multiple Hashdex investment products and is widely used as the industry standard for institutional crypto asset allocation.

Index Methodology

The NCI is a market-cap weighted index that is recalculated quarterly. It applies strict eligibility criteria to ensure only the most liquid, secure, and accessible crypto assets are included:

• Assets must be tradable on at least two exchanges
• Assets must have institutional custody solutions from at least one licensed provider
• Assets must meet minimum market representation thresholds (0.5% of highest median daily trading volume)
• Assets must have free-floating pricing (no pegged/stablecoins)
• Assets must be eligible for listing on SIX Swiss Exchange and Xetra

Current Composition

As of February 2026, the NCI includes seven assets: Bitcoin (76.97%), Ethereum (12.35%), XRP (6.20%), Solana (3.02%), Cardano (0.77%), Chainlink (0.38%), and Stellar (0.30%).

Index Administration

The NCI is calculated and published by CF Benchmarks Limited in partnership with Nasdaq. The index methodology is publicly available and designed to be transparent and reproducible. Created in April 2020 as part of a strategic partnership between Hashdex and Nasdaq, the NCI underpins multiple ETFs, ETPs, and private funds globally, providing institutional investors with a credible and dynamic benchmark for crypto asset allocation.