🚨 Nasdaq Submits SEC Form 8-K to Add XRP to Its Crypto Index
Nasdaq has officially filed an SEC Form 8-K to expand its benchmark crypto index, confirming the inclusion of XRP alongside Solana, Cardano, and Stellar Lumens. This update brings XRP into the Nasdaq Crypto US Settlement Price Index (NCIUS), which serves as the benchmark for the Hashdex Nasdaq Crypto Index US ETF.
🔑Key highlights:
🔹Major Index Expansion: The index now tracks nine digital assets, including Bitcoin, Ethereum, XRP, Solana, Cardano, Stellar Lumens, Chainlink, Litecoin, and Uniswap. This marks a significant step toward broader crypto representation in institutional investment products.
🔹ETF Implications: Despite the expanded index, the ETF itself remains limited to holding only Bitcoin and Ethereum due to current regulatory restrictions. This creates a potential tracking error, as the fund’s holdings may not fully reflect the index’s performance until further SEC approvals are secured.
🔹Regulatory Path Forward: Nasdaq has also proposed a rule change that would allow the ETF to formally adopt the broader Nasdaq Crypto Index as its benchmark, enabling it to hold all nine listed assets if approved. A decision from the SEC is expected by November 2, 2025.
🔹Market Impact: The inclusion of XRP is seen as a milestone for institutional recognition, signaling growing acceptance of leading altcoins within major Wall Street benchmarks.
XRP’s addition to the Nasdaq index is a notable development for both the asset and the broader crypto market, paving the way for potential future ETF inclusion and greater institutional adoption.
https://www.thestreet.com/crypto/markets/nasdaq-confirms-xrp-sol-ada-and-xlm-in-benchmark-index-via-new-sec-filing