🔵 Nasdaq applied to the SEC to add XRP, SOL, ADA, XLM to the cryptocurrency index
DeThings, June 9 (UPI) -- Nasdaq filed a rule change application with the U.S. Securities and Exchange Commission (SEC) on June 7, planning to include XRP, Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM) in its crypto index benchmark, Cryptotimes reported. The adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which intends to expand its tracking from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI), which covers nine tokens.
At present, the NCI index includes 9 cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to the current regulations of the SEC, the ETF can only hold BTC and ETH, resulting in tracking error risk. If approved, the ETF will be able to invest in all index constituent assets, with a final decision expected to be made by 2 November 2025. The move could propel U.S. crypto ETFs to a key step toward diversification.
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