Nasdaq Needs To Add XRP, ADA, SOL, XLM To Crypto Index

Nasdaq has filed a proposed rule change with the US Securities and Trade Fee (SEC) to broaden its benchmark Nasdaq Crypto Index (NCI) to incorporate Ripple (XRP), Solana (SOL), Cardano (ADA) and Stellar Lumens (XLM).

The June 2 Kind 8-Okay submitting with the SEC, if permitted, will see the altcoins tracked within the NCI alongside crypto market leaders Bitcoin (BTC) and Ethereum (ETH), in addition to different altcoins akin to Chainlink (LINK), Litecoin (LTC) and Uniswap (UNI).

Proposed Rule Change Might Handle Present Monitoring Situation

If the rule change is permitted, it is going to additionally tackle a present monitoring challenge between the NCI and the Hasdex Nasdaq Crypto Index US ETF (NCIQ). 

The latter is designed to trace the NCI, however as a substitute tracks the US-compliant Nasdaq Crypto US Settlement Value Index (NCIUS) that solely consists of Bitcoin and Ethereum on account of regulatory constraints. This creates a mismatch in efficiency between the NCI and NCIQ.

💥 BREAKING: Nasdaq information Kind 8-Okay to broaden its crypto benchmark from 5 to 9 belongings, including $XRP, $SOL, $ADA, and $XLM.

This transfer permits the Hashdex Nasdaq Crypto Index US ETF (NCIQ) to shift to a broader, extra diversified index. pic.twitter.com/pnbhlGAYWq

— Crypto Auris (@crypto_auris) June 9, 2025

If the proposal will get the greenlight, it is going to remove the monitoring challenge and efficiency mismatch by permitting the NCIQ to trace the total NCI, primarily making the NCI a extra various ETF that tracks 9 cash as a substitute of simply BTC and ETH.

A remaining willpower relating to the rule change is predicted from the SEC by Nov. 2, 2025 following a interval for public feedback and regulatory evaluation. 

Costs Barely React To The Information

The information had little impact on the XRP value, which edged up a fraction of a proportion within the final 24 hours to commerce at $2.22 as of two:34 a.m. EST, in accordance to CoinMarketCap. 

Equally, SOL managed a slight acquire up to now 24 hours, whereas XLM and ADA each recorded minor decreases of their respective costs throughout the identical interval.

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