Nasdaq CME Crypto™ Index Performance (Weekly):

 

The NCI fell 3.1% last week as an escalation in the Middle East conflict compounded an already fragile macro backdrop. Iran's threat to block a second oil chokepoint pushed crude above $103, sending investors fleeing risk assets. The selloff was amplified by the largest quarterly crypto options expiry of 2026, which triggered over $450M in liquidations.

 

CIO’s view:

 

We see the selloff as driven more by geopolitics and positioning than by any structural deterioration in fundamentals. With near-term rate cuts unlikely and tensions elevated, we expect the NCI to trade in the 3,000–3,600 range and BTC to trade in the $62,000-$74,000 band, with an eye on the CLARITY Act's progress and any de-escalation in the Middle East as key catalysts.

 

Key Developments 

 

The CFTC launched the Innovation Task Force to develop regulatory frameworks for crypto, blockchain, AI, and prediction markets

 

Coinbase declined to endorse the updated CLARITY Act draft, citing unresolved stablecoin yield restrictions. 

 

David Sacks exits the White House crypto czar role after 130 days, transitioning to co-chair of PCAST 

 

NCI Performance (YTD)

 

The Nasdaq CME Crypto™ Index 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.

Overview
Methodology
Constituents

 

NCI constituents as of December 31, 2025: Bitcoin (75.4%), Ethereum (13.8%), Ripple (6.1%), Solana (3.3%) , Cardano (0.7%), Chainlink (0.4%), and Stellar (0.3%).
Third-party data is for informational use only. [1] CFTC [2] Yahoo Finance [3] X. Data accessed on March 30, 2026.

 

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^{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)}

^{Effective January 20, 2026, the index changed its name from Nasdaq Crypto Index (NCI) to Nasdaq CME Crypto™ Index.}

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