Hashdex Nasdaq CME Crypto Index ETF (NCIQ) shifted its benchmark from the Nasdaq Crypto US Settlement Price Index to the Nasdaq CME Crypto Settlement Price Index as of January 20, 2026, maintaining a consistent methodology and constituent base. In March 2026, the Sponsor announced a temporary management fee reduction to 0.25% per annum through December 31, 2026, enhancing cost competitiveness. Strategic partnerships, notably with Coinbase Cloud, enable staking activities that add an ancillary yield stream, differentiating the ETF within a crowded crypto index fund space while navigating regulatory and market volatility risks.