Hashdex ETF Posts Q2 Loss Amid Crypto Slide; Staking Program Gets Green Light
NCIQ is trading near its 52-week low of $14.38 (9.8% above the low) on light trading volume (0.3× avg).
Summary
Hashdex Nasdaq CME Crypto Index ETF reported a 15.4% quarterly NAV decline to $14.58 on crypto price weakness, but net assets nearly doubled to $190.1 million on strong inflows. The fund also cut its management fee and approved a staking program.
Key Events · Earnings and Guidance · NCIQ
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Q2 NAV Declines 15.4%
Net asset value per share fell to $14.58 from $17.24 at Q1 end, driven by a $23.9 million net loss from operations as crypto prices dropped.
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Net Assets Nearly Double
Total net assets rose to $190.1 million from $98.1 million at Q1 end, fueled by $115.9 million in share creations during the quarter.
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Management Fee Cut to 0.25%
Effective March 16, 2026, the sponsor reduced the management fee from 0.50% to 0.25% per annum, lowering the expense ratio.
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Staking Program Approved
On July 23, 2026, the trust amended agreements to permit staking of crypto assets, with net staking income allocated 100% to the sponsor up to 25 bps of NAV, then 40% to sponsor and 60% to common shareholders.
Analysis · NCIQ · Crypto Assets
A 15.4% drop in net asset value per share to $14.58 during Q2 2026 reflects a $23.9 million net loss from operations as crypto prices fell. Yet net assets nearly doubled to $190.1 million on strong share creations, signaling continued investor inflows despite the drawdown. The management fee cut to 0.25% and the newly approved staking program are positive structural changes that could enhance returns going forward.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, NCIQ was trading at $15.80 on NASDAQ in the Crypto Assets sector. The 52-week trading range was $14.38 to $34.26. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.