[{"data":1,"prerenderedAt":274},["Reactive",2],{"vNwITlC4NI":3,"YYxG0Seo40":30,"japan-cuts-crypto-taxes-from-55-to-20-and-opens-the-door-to-spot-et-fs":190,"_apollo:default":220},{"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 ETF \u003Cb>(Ticker: NCIQ)\u003C/b> Reduces Management Fee to \u003Cb>0.25%\u003C/b>","https://hashdex.com/en-US/insights/crypto-exposure-shouldn-t-come-with-a-high-price-of-admission","Learn more","Product Fee Reduction",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","japan-cuts-crypto-taxes-from-55-to-20-and-opens-the-door-to-spot-et-fs","Japan cuts crypto taxes from 55% to 20% and opens the door to spot ETFs","NCI rose 3.7% reversing after worst week on record. Trump signals end to Iran war easing oil, Japan cuts crypto tax from 55% to flat 20% opening spot ETF path. CIO: anticipated reversal from #14 materializing","\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 rose 3.7% for the week, closing at 2,981 in a risk-on move as the US-Iran conflict showed signs of de-escalation, with Trump signaling an end to the war and oil prices easing. Six of the eight constituents advanced, with SOL leading at +5.6%, followed by ADA (+4.7%) and BTC (+4.0%). In parallel, the S&P 500 traded sideways, possibly signaling slowing momentum behind the AI thesis despite the SpaceX IPO, which may have attracted the attention from investors lately.\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\">A more stable geopolitical backdrop may support positive momentum over the coming weeks, reinforced by Japan's bill reclassifying crypto as regulated financial products, cutting the top tax on gains to a flat 20% and opening a path for spot crypto ETFs. Our range estimate stands at 2,200-3,400 for the NCI and $60,000-$72,000 for BTC.\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">Key Developments \u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp dir=\"ltr\">Japan passed a bill reclassifying crypto as regulated financial products, cutting the maximum tax on crypto gains from 55% to a flat 20% and opening a path for spot crypto ETFs to be widely adopted.¹\u003C/p>\n\u003Cp dir=\"ltr\">Trump signaled an end to the Iran war, and this de-escalation drove oil prices lower while lifting crypto, with Bitcoin, Ethereum, and Solana all posting positive returns after the announcement.²\u003C/p>\n\u003Cp dir=\"ltr\">Exodus Markets, a Solana-based platform that lets users buy over 200 tokenized assets and real-world assets (RWAs), launched to help bring traditional financial instruments on-chain in a single marketplace.³\u003C/p>\n\u003Cp dir=\"ltr\"> \u003C/p>\n\u003Ch2 dir=\"ltr\">NCI Performance (YTD)\u003C/h2>\n\u003Cp> \u003C/p>\n\u003Cp>\u003Cimg src=\"https://hdx-website-cms-prod-upload-bucket.s3.us-east-1.amazonaws.com/Captura_de_tela_2026_06_15_151207_87558fe719.png\" alt=\"\" width=\"560\" height=\"342\">\u003C/p>\n\u003Cp> \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\"> \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\"> \u003C/p>\n\u003Cp dir=\"ltr\">\u003Cem>NCI constituents as of June 8, 2026: Bitcoin (79.0%), Ethereum (10.9%), Ripple (5.7%), Solana (2.9%) , Cardano (0.5%), Stellar (0.4%), Chainlink (0.4%) and Bitcoin Cash (0.2%). Third-party data is for informational use only. [1] \u003Ca href=\"https://unchainedcrypto.com/japans-lower-house-passes-sweeping-bill-to-regulate-crypto-like-stocks-opening-a-path-to-lower-taxes-and-etfs-unchained/\">Unchained\u003C/a> [2] \u003Ca href=\"https://www.coindesk.com/markets/2026/06/12/bitcoin-climbs-back-into-the-green-as-trump-signals-an-end-to-the-iran-war\">CoinDesk\u003C/a> [3] \u003Ca href=\"https://www.globenewswire.com/news-release/2026/06/12/3310986/0/en/exodus-launches-exodus-markets-for-tokenized-assets-with-ondo-finance.html\">Globe Newswire\u003C/a>. Data accessed on June 15, 2026.\u003Cbr>\u003Cbr>\u003C/em>\u003C/p>\n\u003Cp dir=\"ltr\">____________________________\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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 \u003C/sup>\u003Csup>(NCIQ)\u003C/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>Effective January 20, 2026, the index changed its name from Nasdaq Crypto Index (NCI) to Nasdaq CME Crypto™ Index.\u003C/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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/sup>\u003C/p>\n\u003Cp class=\"p1\">\u003Csup>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. 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