NCIQ - Hashdex Nasdaq Crypto Index US ETF
The NCIQ fund aims to replicate the performance of an index composed of the two leading digital assets, Bitcoin (BTC) and Ether (ETH). To achieve this, it directly invests in spot Bitcoin and spot Ether, deliberately avoiding the use of leverage or complex derivatives. The fund also maintains cash reserves to cover its operational expenses.
As of Jun 30, 2026: spot at $14.63, ATM IV 404.2%, max pain $17.00, net GEX -$639.
- Sector
- Financial Services
- Industry
- Asset Management - Cryptocurrency
- Market Cap
- $109.4M
- Beta
- 0.98
- 52-Week Range
- 14.38-34.26
- IPO Date
- Jan 22, 2025
- Exchange
- NASDAQ
What NCIQ Looks Like to Options Traders Today
negative net gamma exposure (-$639) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.075) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The NCIQ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked NCIQ overview questions
- What is NCIQ?
- NCIQ is the ticker symbol for Hashdex Nasdaq Crypto Index US ETF, an listed exchange-traded fund. The NCIQ fund aims to replicate the performance of an index composed of the two leading digital assets, Bitcoin (BTC) and Ether (ETH). To achieve this, it directly invests in spot Bitcoin and spot Ether, deliberately avoiding the use of leverage or complex derivatives. Listed on NASDAQ. NCIQ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the NCIQ options snapshot look like today?
- As of Jun 30, 2026, the NCIQ options snapshot shows spot at $14.63, ATM IV 404.2%, max pain $17.00, net GEX -$639, expected move 115.88%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are NCIQ's key statistics?
- Hashdex Nasdaq Crypto Index US ETF (NCIQ) carries a market capitalization of $109.4M, 52-week range of 14.38-34.26. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does NCIQ belong to?
- Hashdex Nasdaq Crypto Index US ETF operates in the Financial Services sector, in the Asset Management - Cryptocurrency industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare NCIQ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the NCIQ data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.