Nasdaq applies to the U.S. SEC to add XRP, SOL, ADA, and XLM to the cryptocurrency index

2025-06-09 09:23:30

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ChainCatcher news, according to Cryptotimes, Nasdaq submitted a rule change application to 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 cryptocurrency index benchmark. This adjustment involves the Hashdex Nasdaq Crypto Index ETF (NCIQ), which aims to expand its tracking target from the original Nasdaq Crypto US Settlement Price Index (NCIUS) to the Nasdaq Crypto Index (NCI) covering 9 tokens.

Currently, the NCI index includes 9 cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), but due to the SEC's current regulations, the ETF can only hold BTC and ETH, leading to tracking error risks. If approved, the ETF will be able to invest in all index component assets, with the final decision expected to be made by November 2, 2025. This move could push U.S. crypto ETFs towards diversification.

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Nasdaq U.S. SEC in cryptocurrency index

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