Hashdex Nasdaq CME Crypto Index ETF (NASDAQ:NCIQ) filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026.

Key Highlights

  • Net assets reached $498,259,005 as of September 30, 2026, up from $121,287,477 at December 31, 2025, according to the filing.
  • 23,420,000 common shares were issued and outstanding as of September 30, 2026, compared to 5,340,000 at December 31, 2025.
  • Net Asset Value per common share was $21.27 as of September 30, 2026, versus $22.71 at December 31, 2025.
  • Net increase in net assets from operations was $125,404,243 for the three months ended September 30, 2026, driven primarily by net change in unrealized appreciation of $130,239,069.
  • Staking income of $145,585 was recorded for the three and nine months ended September 30, 2026, of which $141,364 was allocated to the Sponsor Share.
  • Bitcoin represented 73.79% of net assets at fair value of $367,654,211 as of September 30, 2026, the largest single holding in the portfolio.
  • Total crypto asset cost basis was $422,757,616 against a fair value of $498,220,901 as of September 30, 2026.

Portfolio Growth and Operations for Hashdex Nasdaq CME Crypto Index ETF Through September 30, 2026

According to the filing, total assets grew to $498,457,339 as of September 30, 2026, compared to $121,314,100 at December 31, 2025. The fund reported investments in crypto assets at fair value of $498,220,901 against a cost of $422,757,616. Total liabilities were $198,334, consisting of a management fee payable of $97,760 and a Sponsor Share Allocation of $100,574. Paid-in capital stood at $428,424,445, and total distributable earnings were $69,834,560, compared to an accumulated deficit of $1,981,681 at year-end 2025.

The schedule of investments as of September 30, 2026 showed nine crypto asset holdings. Beyond Bitcoin at 73.79% of net assets, the filing reported Ethereum at 11.98% ($59,667,537), XRP at 5.22% ($26,050,550), Solana at 4.03% ($20,055,090), Hyperliquid at 3.34% ($16,649,190), Cardano at 0.52% ($2,599,698), Chainlink at 0.50% ($2,474,356), Stellar at 0.36% ($1,820,090), and Bitcoin Cash at 0.25% ($1,250,179). The filing noted that as of September 30, 2026, 17,983 of the Trust's Ethereum, 163,502 of its Solana, and 10,556,179 of its Cardano were staked.

For the nine months ended September 30, 2026, the filing reported total expenses of $416,532 in management fees, partially offset by a fee waiver of $66,287, resulting in net expenses of $350,245. Net investment loss for the nine-month period was $204,660. Net realized loss was $5,364,731, while net change in unrealized appreciation was $77,526,996, producing a net increase in net assets from operations of $71,957,605 for the nine months. Capital share transactions for the three months ended September 30, 2026 included shares issued of $189,262,199 and shares redeemed of $6,349,225, with ETF transaction fees of $13,801.

What Was Disclosed

The filing disclosed unaudited financial statements for Hashdex Nasdaq CME Crypto Index ETF for the period ended September 30, 2026, including statements of assets and liabilities, schedules of investments across nine crypto assets, statements of operations, and statements of changes in net assets, along with notes on staking income allocation to the Sponsor Share.