BlockBeats reported on June 9, 2025, that Nasdaq has submitted a rule change application to the U.S. Securities and Exchange Commission (SEC) to expand its cryptocurrency index benchmark. The proposal, filed on June 7, aims to include XRP, Solana (SOL), Cardano (ADA), and Stellar Lumens (XLM).
Key Details of the Proposal
Index Expansion:
- The adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), shifting its tracking benchmark from the Nasdaq Crypto US Settlement Price Index (NCIUS) to the broader Nasdaq Crypto Index (NCI).
- The updated index will cover 9 digital assets, enhancing diversification for investors.
Regulatory Implications:
- SEC approval is pending, with potential implications for institutional adoption of these cryptocurrencies.
Market Impact:
- Inclusion in a major index like Nasdaq’s could boost liquidity and investor confidence in XRP, SOL, ADA, and XLM.
Why This Matters
👉 Discover how index inclusions shape crypto markets
- Credibility: Nasdaq’s endorsement signals growing institutional acceptance.
- Accessibility: ETFs tracking diversified indices simplify crypto exposure for traditional investors.
Frequently Asked Questions (FAQs)
1. Which cryptocurrencies are being added to Nasdaq’s index?
- The proposal includes XRP, SOL, ADA, and XLM, alongside existing assets.
2. What is the Hashdex Nasdaq Crypto Index ETF?
- It’s an ETF designed to track the performance of a diversified crypto index, offering regulated exposure to digital assets.
3. How might SEC approval affect these cryptocurrencies?
- Approval could drive demand, liquidity, and price stability for the included tokens.
Conclusion
Nasdaq’s move reflects the accelerating integration of cryptocurrencies into mainstream finance. If approved, this expansion could mark a significant milestone for XRP, SOL, ADA, and XLM—solidifying their roles in regulated investment portfolios.