BlockBeats reported on June 9, 2025, that Nasdaq has filed a rule change application with the U.S. Securities and Exchange Commission (SEC) to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) in its cryptocurrency index benchmark. The proposed adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), expanding its tracking benchmark from the Nasdaq Crypto US Settlement Price Index (NCIUS) to the broader Nasdaq Crypto Index (NCI), which will cover nine tokens.
Key Takeaways:
- Nasdaq seeks SEC approval to add four major cryptocurrencies to its index.
- The update impacts the Hashdex Nasdaq Crypto Index ETF (NCIQ).
- Expansion reflects growing institutional adoption of altcoins.
Why This Matters
Incorporating these assets into Nasdaq’s index could enhance their liquidity and legitimacy, attracting more institutional investors. This move aligns with the increasing demand for diversified crypto exposure in regulated financial products.
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FAQ Section
Q: What cryptocurrencies are being added to Nasdaq’s index?
A: XRP, SOL, ADA, and XLM are proposed for inclusion.
Q: How will this affect the Hashdex ETF?
A: The ETF will track the expanded Nasdaq Crypto Index (NCI) instead of the narrower NCIUS.
Q: When is the SEC expected to decide?
A: No official timeline has been announced, but similar filings typically take weeks to months.
Market Implications
The inclusion of these tokens may:
- Boost trading volumes due to ETF rebalancing.
- Increase price stability as institutional holdings grow.
- Encourage other platforms to adopt similar benchmarks.
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