Hashdex Nasdaq Crypto Index US ETF (NCIQ) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
NCIQ currently has 5.69M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 29.58% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 13, 2026 |
POS AM filing: The Trust is an exchange-traded product that issues and redeems Baskets of Shares on a continuous basis, representing fractional undivided beneficial interests in the Trust, with the objective of tracking the performance of the Nasdaq CME Crypto Settlement Price Index. |
5.7M | 0 |
| May 12, 2026 |
10-Q filing | 5.7M shares outstanding |
5.7M | 0 |
| May 08, 2026 |
POS AM filing: This POS AM filing from 2026-05-08 describes an offering by the Trust, involving the issuance of Shares representing units of fractional undivided beneficial interest, with a proposed amount of $3,000.00 annually. |
5.3M | 0 |
| Mar 25, 2026 |
10-K filing | 5.3M shares outstanding |
5.3M | 0 |
| Nov 10, 2025 |
10-Q filing | 5.0M shares outstanding |
5M | 0 |
| May 19, 2025 |
10-Q filing | 4.3M shares outstanding |
4.3M | 0 |
| Mar 17, 2025 |
POS AM filing: This is a POS AM filing for a trust that issues and redeems baskets of shares on a continuous basis. |
N/A | 0 |
| Feb 10, 2025 |
S-1/A filing: This is an S-1/A filing for a trust issuing shares representing fractional undivided beneficial interest, continuously offered at NAV per Share, with a basket size of 10,000 shares, and intended for trading on NASDAQ under the symbol NCIQ. |
N/A | 0 |
| Jan 30, 2025 |
S-1/A filing: This is an S-1/A filing for a trust issuing shares representing fractional undivided beneficial interest, offered continuously at NAV per Share, exchange symbol NCIQ. |
N/A | 0 |
| Dec 26, 2024 |
S-1/A filing: This S-1/A filing describes the offering of shares representing units of fractional undivided beneficial interest in a trust, with the symbol NCIQ, where baskets of 5,000 shares are continuously offered at NAV per share, and only authorized participants can purchase or redeem them for cash. |
N/A | 0 |
| Nov 25, 2024 |
S-1/A filing: This is an S-1/A filing for a trust that will issue and redeem baskets of shares on a continuous basis, with each basket consisting of 5,000 shares, offered at NAV per share, and the shares representing units of fractional undivided beneficial interest in the Trust. |
N/A | 0 |
| Oct 01, 2024 |
S-1/A filing: This is an S-1/A filing for the continuous offering of common stock representing units of fractional undivided beneficial interest in the Trust, with Baskets offered at NAV per Share consisting of 5,000 Shares. |
N/A | 0 |
| Jul 24, 2024 |
S-1 filing: This S-1 filing describes a proposed offering related to units of fractional undivided beneficial interest in a trust, with proceeds from the sale of baskets consisting of cash deposits to be used for purchasing index constituents, redemption of baskets, and payment of fees. |
N/A | 0 |