Options for the Hashdex Nasdaq CME Crypto Index ETF, which includes XRP, Bitcoin, and Ethereum, have officially launched on Nasdaq, enhancing institutional access to diversified crypto exposure. This development allows institutions to employ hedging strategies and generate income through premiums without liquidating ETF holdings. The ETF, launched in February 2025, tracks a market-cap-weighted index of leading digital assets, including Solana, Cardano, Chainlink, and Stellar, alongside cash components like the U.S. dollar. The introduction of options addresses previous limitations faced by institutions, enabling them to manage downside risk more effectively and align with established portfolio standards. This advancement is expected to increase participation by providing tools for defined-risk strategies and supporting compliance requirements. The ETF currently manages nearly $100 million in assets, and the availability of options is anticipated to further boost institutional involvement in diversified crypto portfolios.