Nasdaq Proposes Adding XRP to Expanded Crypto Index Benchmark in SEC Filing

On June 7th, Nasdaq submitted a formal proposal to the U.S. Securities and Exchange Commission (SEC) to amend its crypto index framework. The planned update will incorporate XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM) into the Nasdaq Crypto Index benchmark. This strategic enhancement targets the Hashdex Nasdaq Crypto Index ETF (NCIQ), broadening its asset coverage from the initial Nasdaq Crypto US Settlement Price Index (NCIUS) to a more diversified portfolio of nine cryptocurrencies within the Nasdaq Crypto Index (NCI). This move reflects Nasdaq’s commitment to adapting its digital asset offerings in alignment with evolving market dynamics and investor demand.