Hashdex Nasdaq CME Crypto Index ETF (NCIQ) is an exchange-traded fund that gives investors exposure to a basket of seven crypto assets — bitcoin, ether, XRP, solana, cardano, chainlink, and stellar — through a regulated, exchange-listed security. Rather than requiring investors to directly manage wallets and custody arrangements, the Trust holds the crypto assets and issues shares that trade on Nasdaq. The Trust tracks the Nasdaq CME Crypto Settlement Price Index, which is weighted by free-float market capitalization and rebalanced quarterly. Because bitcoin and ether dominate by market cap, they represent the majority of the index's weight. The Trust charges a management fee of 0.25% per annum of daily NAV, which is its primary revenue source. The dollar value of that fee scales with AUM, which is in turn driven by the number of shares outstanding and the price performance of the underlying crypto assets. The Trust does not distribute income; any gains are reinvested into index constituents. Hashdex Asset Management serves as sponsor, with Coinbase Custody, BitGo, and Fidelity Digital Asset Services holding the Trust's crypto assets, and Macquarie Capital, Virtu Americas, and Cantor Fitzgerald serving as the only authorized participants for share creation and redemption.