[{"data":1,"prerenderedAt":269},["Reactive",2],{"FKwfisBZhb":3,"UFuBayumj8":30,"mastercard-launched-stablecoins-visa-went-live-with-usdc-payments-deutsche-bank-is-coming":188,"_apollo:default":217},{"topBars":4},{"__typename":5,"data":6},"TopBarEntityResponseCollection",[7],{"__typename":8,"attributes":9},"TopBarEntity",{"__typename":10,"countries":11,"infos":19},"TopBar",{"__typename":12,"data":13},"CountryRelationResponseCollection",[14],{"__typename":15,"attributes":16},"CountryEntity",{"__typename":17,"Code":18},"Country","US",[20],{"__typename":21,"Message":22,"Link":23,"linkLabel":24,"badgeLabel":25,"openNewTab":26,"content":27},"ComponentTuplesTopBarContent","Hashdex Nasdaq CME Crypto Index US ETF \u003Cb> (Ticker: NCIQ) \u003C/b> Expands, Bringing US Investors Access to Five Leading Crypto Assets","http://hashdex-etfs.com/NCIQ","Learn more","Index New Composition",false,{"__typename":28,"data":29},"ContentEntityResponse",null,{"contents":31},{"__typename":32,"data":33},"ContentEntityResponseCollection",[34],{"__typename":35,"attributes":36},"ContentEntity",{"__typename":37,"slug":38,"isRestrictedContent":26,"contentUrl":29,"title":39,"blurb":40,"content":41,"publishDate":42,"timeToRead":43,"languages":44,"countries":52,"thumbnail":65,"heroImage":105,"author":137,"content_category":172},"Content","mastercard-launched-stablecoins-visa-went-live-with-usdc-payments-deutsche-bank-is-coming","Mastercard launched stablecoins. Visa went live with USDC payments. Deutsche Bank is coming.","NCI fell 4.9% following macro risk-off: strong CPI/PPI reactivate rate-hike fears, oil rises, tech sells. But BTC (-3.3%) outperformed Nasdaq 100 (-5.5%) signaling flight-to-quality. Six of nine constituents fell ~10%, demonstrating necessary selectivity. CIO: macro correction, not fundamental. Mastercard platform plus Visa USDC payments plus Deutsche Bank custody (Europe + Asia 2027) plus Ethereum 36% staking advance institutional adoption despite drawdown. Watch: U.S. construction (Tue), Solana update (Wed), Japan CPI (Thu)","\u003Ch2 dir=\"ltr\">\u003Cspan style=\"color: rgb(53, 152, 219);\">Nasdaq CME Crypto Index Performance (Weekly):\u003C/span>\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">The NCI fell 4.9% in a week marked by a macroeconomic backdrop unfavorable to risk assets. The main driver was stronger-than-expected U.S. inflation data (CPI and PPI), which put a Fed rate hike back on the radar, compounded by rising oil prices and a sell-off in tech stocks. Crypto, behaving more like a risk asset, tracked U.S. equities, with the Nasdaq 100 down 5.5% and the S&P 500 down 1.9%. In a week when six of the nine constituents fell close to double digits, BTC (-3.3%) demonstrated its store-of-value role among crypto assets, falling less than tech stocks themselves (Nasdaq 100) and cushioning the index’s decline.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">CIO's view:\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">We see a correction driven by inflation and oil, not by crypto fundamentals: both the crypto adoption trend and technological progress remain on track. This week’s price action reflected the repricing of rates following the inflation data. On the radar are U.S. construction data on Tuesday, the Solana’s network upgrade on Wednesday, and Japan’s inflation data on Thursday, setting up a busy week on the global stage.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">Key Developments \u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">Mastercard launched a platform that provides access to traditional currencies and stablecoins in one place.¹ Meanwhile, Visa has begun some “pre-funded” cross-border payment operations using USDC.²\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Cp dir=\"ltr\">Deutsche Bank will launch custody for Bitcoin and other crypto assets for European institutional clients in the coming weeks.³ Expansion into Asia is planned for 2027, and the bank will also help clients convert stablecoins into traditional currency.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Cp dir=\"ltr\">The Ethereum network has surpassed 36% of ETH supply staked, near its all-time high participation level.⁴ Beyond strengthening network security, more ETH in staking also reduces the token supply available for trading on the market.\u003C/p>\n\u003Ch2 dir=\"ltr\"> \u003C/h2>\n\u003Ch2 dir=\"ltr\">NCI Performance (YTD)\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp>\u003Cimg src=\"https://hdx-website-cms-dev-upload-bucket.s3.us-east-1.amazonaws.com/Captura_de_tela_2026_10_19_144757_6eec5a9a60.png\" alt=\"\" width=\"610\" height=\"359\">\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Cp dir=\"ltr\">The \u003Ca href=\"https://hashdex.com/en-US/nasdaq-partnership\">Nasdaq CME Crypto Index\u003C/a> is designed to measure the performance of a significant portion of the digital asset market and to provide a benchmark for institutional investment in this new and emerging asset class. The Index is specifically designed to be dynamic in nature, broadly representative of the market, and readily trackable by investors.\u003C/p>\n\u003Cp dir=\"ltr\">\u003Ca href=\"https://www.nasdaq.com/docs/nci-factsheet\">Overview\u003Cbr>\u003C/a>\u003Ca href=\"https://indexes.nasdaqomx.com/docs/Nasdaq_Crypto_Indexes_Methodology.pdf\">Methodology\u003C/a> \u003Cbr>\u003Ca href=\"https://www.nasdaq.com/docs/nci-constituent-overview\">Constituents\u003C/a>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>NCI constituents as of September 2nd, 2026: Bitcoin (74,7%), Ethereum (11,7%), Ripple (5,2%), Solana (3,7%), Hyperliquid (3,3%), Cardano (0,5%), Chainlink (0,4%), Stellar (0,3%) e Bitcoin Cash (0,2%). Third-party data is for informational use only.  [1] \u003Ca href=\"https://mastercard.com/global/en/news-and-trends/press/2026/october/mastercard-and-bvnk-launch-global-money-platform-to-power-a-mult.html\">Mastercard\u003C/a> [2] \u003Ca href=\"https://corporate.visa.com/en/sites/visa-perspectives/newsroom/visa-direct-moves-stablecoin-pilots-production.html\">Visa\u003C/a> [3] \u003Ca href=\"https://bitcoinmagazine.com/news/deutsche-bank-will-debut-bitcoin-custody\">Bitcoin Magazine\u003C/a> [4] \u003Ca href=\"https://www.theblock.co/data/on-chain-metrics/ethereum/ethereum-percentage-eth-staked\">The Block\u003C/a>. Data accessed on October 19, 2026.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">____________________________\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>NCIQ: Effective January 20, 2026, the Fund changed its name from Hashdex Nasdaq Crypto Index US ETF (NCIQ) to Hashdex Nasdaq CME Crypto Index ETF (NCIQ)\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>Effective January 20, 2026, the index changed its name from Nasdaq Crypto Index (NCI) to Nasdaq CME Crypto™ Index.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>This material expresses Hashdex Asset Management Ltd. and its subsidiaries and affiliates (“Hashdex”)'s opinion for informational purposes only and does not consider the investment objectives, financial situation or individual needs of one or a particular group of investors. We recommend consulting specialized professionals for investment decisions. Investors are advised to carefully read the prospectus or regulations before investing their funds.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>The information and conclusions contained in this material may be changed at any time, without prior notice. Nothing contained herein constitutes an offer, solicitation or recommendation regarding any investment management product or ser vice. This information is not directed at or intended for distribution to or use by any person or entity located in any jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would subject Hashdex to any registration or licensing requirements within such jurisdiction.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>These opinions are derived from internal studies and do not have access to any confidential information. Please note that future events may not unfold as anticipated by our team’s research and analysis. No part of this material may be (i) copied, photocopied or duplicated in any form by any means or (ii) redistributed without the prior written consent of Hashdex.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>By receiving or reviewing this material, you agree that this material is confidential intellectual property of Hashdex and that you will not directly or indirectly copy, modify, recast, publish or redistribute this material and the information therein, in whole or in part, or other wise make any commercial use of this material without Hashdex’s prior written consent.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>Investment in any investment vehicle and crypto assets is highly speculative and is not intended as a complete investment program. It is designed only for sophisticated persons who can bear the economic risk of the loss of their entire investment and who have limited need for liquidity in their investment. There can be no assurance that the investment vehicles will achieve its investment objective or return any capital. No guarantee or representation is made that Hashdex’s investment strategy, including, without limitation, its business and investment objectives, diversification strategies or risk monitoring goals, will be successful, and investment results may var y substantially over time.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>Nothing herein is intended to imply that the Hashdex s investment methodology or that investing any of the protocols or tokens listed in the Information may be considered “conservative,” “safe,” “risk free,” or “risk averse.” These opinions are derived from internal studies and do not have access to any confidential information. Please note that future events may not unfold as anticipated by our team’s research and analysis.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>Certain information contained herein (including financial information) has been obtained from published and unpublished sources. Such information has not been independently verified by Hashdex, and Hashdex does not assume responsibility for the accuracy of such information. Hashdex does not provide tax, accounting or legal advice. Certain information contained herein constitutes for ward-looking statements, which can be identified by the use of terms such as “may,” “ will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” “believe” (or the negatives thereof ) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Hashdex and its investment vehicles or the actual performance of Hashdex, its investment vehicles, or digital tokens may differ materially from those reflected or contemplated in such for ward-looking statements.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>As a result, investors should not rely on such for ward- looking statements in making their investment decisions. None of the information contained herein has been filed with the U.S. Securities and Exchange Commission or any other governmental or self-regulator y authority. No governmental authority has opined on the merits of Hashdex’s investment vehicles or the adequacy of the information contained herein.\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any digital asset or any representation about the financial condition of a digital asset. Statements regarding Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate assets before investing. ADVICE FROM A FINANCIAL PROFESSIONAL IS STRONGLY ADVISED.\u003C/em>\u003C/p>\n\u003Cp> \u003C/p>","2026-10-19",5,{"__typename":45,"data":46},"LanguageRelationResponseCollection",[47],{"__typename":48,"attributes":49},"LanguageEntity",{"__typename":50,"Code":51},"Language","en",{"__typename":12,"data":53},[54,57,60,63],{"__typename":15,"attributes":55},{"__typename":17,"Code":56},"KY",{"__typename":15,"attributes":58},{"__typename":17,"Code":59},"EU",{"__typename":15,"attributes":61},{"__typename":17,"Code":62},"CH",{"__typename":15,"attributes":64},{"__typename":17,"Code":18},{"__typename":66,"data":67},"UploadFileEntityResponse",{"__typename":68,"attributes":69},"UploadFileEntity",{"__typename":70,"name":71,"url":72,"formats":73,"size":104},"UploadFile","Group 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